GBP/JPY – 1H – SELLThe currency pair moves from the ascending trendline downwards
A descent down to the next support line at 190.12600 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 193.26000 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is certain. Current target is 192.227388 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 193.26000 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 193.35400 |
| 2nd High | 193.31700 |
| Next High | 193.26000 |
| Current Price | 191.39600 |
| Next Low | 190.12600 |
| 2nd Low | 188.70000 |
| 3rd Low | 186.68500 |