GBP/JPY – 30M – BUYThe pair goes from the ascending trendline up.
A continuation of the upward movement up to the next resistance line at 197.82200 will persist.
Caution: A possible reversal of the trend in the direction of support at 196.92900 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Current target is 197.595 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 197.82200 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 198.45500 |
| 2nd High | 198.05200 |
| Next High | 197.82200 |
| Current Price | 197.12200 |
| Next Low | 196.92900 |
| 2nd Low | 196.87800 |
| 3rd Low | 196.73500 |