GBP/JPY – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 196.876496 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support line at 197.78000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 198.43200 |
| Next High | 197.78000 |
| Current Price | 197.27600 |
| Next Low | 196.39600 |
| 2nd Low | 195.09600 |
| 3rd Low | 195.08500 |