GBP/JPY – 30M – SELLThe currency pair goes from the bearish trendline downwards
A continuation of the downward movement down to the next support line at 190.12600 is expected.
Caution: A possible change in the direction of resistance at 195.96900 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is expected. Target of the current trend is 190.994 at the Fibonacci level 0-Level. Caution: A possible change in the direction of support at 195.96900 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 199.46500 |
| 2nd High | 197.59200 |
| Next High | 195.96900 |
| Current Price | 190.58900 |
| Next Low | 190.12600 |
| 2nd Low | 188.70000 |
| 3rd Low | 188.16400 |