GBP/JPY – 30M – BUYThe combination breaks through the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance at 187.97700 is likely expected.
Caution: A possible reversal of the trend in the direction of support at 185.81900 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 187.977 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 187.97700 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 188.11900 |
| 2nd High | 188.09000 |
| Next High | 187.97700 |
| Current Price | 187.84700 |
| Next Low | 185.81900 |
| 2nd Low | 185.28300 |
| 3rd Low | 183.76300 |