GBP/JPY – 1H – SELLThe combination moves from the ascending trendline down.
A bearish descent down to the next support at 190.40600 will persist.
Caution: A possible change in the direction of resistance at 193.35800 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 192.765 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 193.35800 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 197.59200 |
| 2nd High | 195.96900 |
| Next High | 193.35800 |
| Current Price | 193.20700 |
| Next Low | 190.40600 |
| 2nd Low | 189.84600 |
| 3rd Low | 189.56100 |