GBP/JPY – 1H – SELL

The currency pair moves from the bullish trendline down.

A descending movement down to the next support line at 194.63800 will persist.

Caution: A possible trend reversal in the direction of resistance at 195.71900 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 194.642 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 195.71900 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

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Trading Signals: FOREX – GBP – GBP/JPY – JPY