GBP/JPY – 30M – SELLCorrection of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 196.735 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support level at 197.82200 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 198.45500 |
| 2nd High | 198.05200 |
| Next High | 197.82200 |
| Current Price | 196.98900 |
| Next Low | 196.92900 |
| 2nd Low | 196.87800 |
| 3rd Low | 196.73500 |