GBP/JPY – 1H – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Target of the current trend is 192.3345 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 195.96900 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 199.46500 |
| 2nd High | 197.59200 |
| Next High | 195.96900 |
| Current Price | 191.08200 |
| Next Low | 190.12600 |
| 2nd Low | 188.70000 |
| 3rd Low | 186.68500 |