GBP/JPY – 1H – BUYCorrection of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 196.044 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance level at 196.04400 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 196.04400 |
| Current Price | 195.87500 |
| Next Low | 194.56000 |
| 2nd Low | 193.82600 |
| 3rd Low | 193.69800 |