GBP/JPY – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 187.153536 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of resistance at 186.63200 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 188.11900 |
| 2nd High | 188.09000 |
| Next High | 186.63200 |
| Current Price | 186.34800 |
| Next Low | 185.41700 |
| 2nd Low | 183.71400 |
| 3rd Low | 183.03900 |