GBP/JPY – 30M – SELLThe pair jumps from the bullish trendline downwards
The bearish trend downwards to the next support line at 185.81900 will continue.
Caution: A possible change in the direction of resistance at 187.44400 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend will continue. Current target is 186.575284 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support line at 187.44400 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 188.11900 |
| 2nd High | 188.09000 |
| Next High | 187.44400 |
| Current Price | 187.31600 |
| Next Low | 185.81900 |
| 2nd Low | 185.28300 |
| 3rd Low | 183.76300 |