GBP/JPY – 30M – SELLThe combination moves from the bearish trendline down.
A continuation of the downtrend downwards to the next support at 196.87800 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 198.05200 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 197.250424 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support line at 198.05200 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 198.91900 |
| 2nd High | 198.45500 |
| Next High | 198.05200 |
| Current Price | 197.49100 |
| Next Low | 196.87800 |
| 2nd Low | 196.73500 |
| 3rd Low | 196.48700 |