GBP/JPY – 30M – BUYThe currency pair breaks through the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance level at 198.43200 is certain.
Caution: A possible counter-trend in the direction of the support zone at 196.87900 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 197.642108 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance zone at 198.43200 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 198.43200 |
| Current Price | 197.02200 |
| Next Low | 196.87900 |
| 2nd Low | 195.09600 |
| 3rd Low | 195.08500 |