GBP/JPY – 30M – SELLCorrection of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 194.978584 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support line at 196.51600 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 196.51600 |
| Current Price | 195.34400 |
| Next Low | 195.08500 |
| 2nd Low | 194.56000 |
| 3rd Low | 193.82600 |