GBP/JPY – 1H – BUYThe currency pair breaks through the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance level at 188.09000 will persist.
Caution: A possible trend reversal in the direction of the support zone at 185.81900 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will persist. Target of the current trend is 187.444 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance line at 188.09000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 189.50400 |
| 2nd High | 188.11900 |
| Next High | 188.09000 |
| Current Price | 187.64100 |
| Next Low | 185.81900 |
| 2nd Low | 185.28300 |
| 3rd Low | 183.76300 |