GBP/JPY – 1H – BUYThe pair breaks through the bullish trendline upwards
A continuation of the uptrend up to the next resistance line at 189.50400 is considered certain.
Caution: A possible counter-trend in the direction of support at 185.81900 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 187.444 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 189.50400 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 193.35400 |
| 2nd High | 189.77500 |
| Next High | 189.50400 |
| Current Price | 188.40200 |
| Next Low | 185.81900 |
| 2nd Low | 185.28300 |
| 3rd Low | 183.76300 |