GBP/JPY – 30M – SELLThe pair moves from the bullish trendline down.
A bearish movement downwards to the next support level at 183.76300 is expected.
Caution: A possible change in the direction of resistance at 186.50800 could occur.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 185.1355 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 186.50800 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 188.09000 |
| 2nd High | 186.72600 |
| Next High | 186.50800 |
| Current Price | 185.79600 |
| Next Low | 183.76300 |
| 2nd Low | 183.71400 |
| 3rd Low | 183.03900 |