GBP/JPY – 30M – BUYThe pair breaks through the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance level at 196.51600 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 195.09600 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 196.516 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance line at 196.51600 should always be considered.
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 | 196.12400 |
| Next Low | 195.09600 |
| 2nd Low | 195.08500 |
| 3rd Low | 194.56000 |