GBP/JPY – 30M – SELLThe currency pair goes from the bullish trendline down.
A descent downwards to the next support level at 193.56500 is considered certain.
Caution: A possible change in the direction of the resistance level at 195.49300 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 194.529 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 195.49300 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 195.96900 |
| 2nd High | 195.61100 |
| Next High | 195.49300 |
| Current Price | 194.88600 |
| Next Low | 193.56500 |
| 2nd Low | 192.87700 |
| 3rd Low | 191.73000 |