GBP/JPY – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 196.054384 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance level 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 | 195.88600 |
| Next Low | 195.42700 |
| 2nd Low | 195.08500 |
| 3rd Low | 194.56000 |