GBP/JPY – 30M – BUYThe pair moves from the ascending trendline downwards
A bearish trend downwards to the next support level at 185.28300 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 186.50800 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 186.508 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance zone at 186.50800 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 188.09000 |
| 2nd High | 186.72600 |
| Next High | 186.50800 |
| Current Price | 186.27200 |
| Next Low | 185.28300 |
| 2nd Low | 183.76300 |
| 3rd Low | 183.71400 |