GBP/JPY – 1H – SELLThe pair goes from the bearish trendline down.
A continuation of the bearish trend downwards to the next support at 190.40600 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 195.17000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 191.073288 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support zone at 195.17000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 197.59200 |
| 2nd High | 195.96900 |
| Next High | 195.17000 |
| Current Price | 192.60800 |
| Next Low | 190.40600 |
| 2nd Low | 189.84600 |
| 3rd Low | 189.56100 |