GBP/JPY – 30M – BUYThe combination breaks through the descending trendline up.
An ascending movement up to the next resistance line at 195.49300 will continue.
Caution: A possible counter-trend in the direction of support at 194.61900 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend will continue. Target of the current trend is 195.493 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the resistance zone at 195.49300 could occur.
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 | 195.25900 |
| Next Low | 194.61900 |
| 2nd Low | 193.56500 |
| 3rd Low | 192.87700 |