GBP/JPY – 30M – BUYThe combination breaks through the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance level at 198.43200 is considered certain.
Caution: A possible counter-trend in the direction of the support zone at 195.09600 could happen.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 197.642108 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance level at 198.43200 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 198.43200 |
| Current Price | 196.82700 |
| Next Low | 195.09600 |
| 2nd Low | 195.08500 |
| 3rd Low | 194.56000 |