GBP/JPY – 1H – BUYCorrection of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 192.765 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance zone at 193.35800 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 197.59200 |
| 2nd High | 195.96900 |
| Next High | 193.35800 |
| Current Price | 191.28100 |
| Next Low | 189.84600 |
| 2nd Low | 189.56100 |
| 3rd Low | 188.70000 |