GBP/JPY – 30M – BUYThe currency pair breaks through the bullish trendline upwards
A continuation of the upward movement up to the next resistance at 193.35400 is considered certain.
Caution: A possible change in the direction of the support zone at 189.05300 is within the realm of possibility.
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 is considered certain. Target of the current trend is 190.386 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance line at 193.35400 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 193.97200 |
| 2nd High | 193.48100 |
| Next High | 193.35400 |
| Current Price | 190.71700 |
| Next Low | 189.05300 |
| 2nd Low | 188.16400 |
| 3rd Low | 186.68500 |