GBP/JPY – 1H – BUYThe currency pair jumps from the ascending trendline upwards
A continuation of the bullish trend up to the next resistance level at 195.71900 is certain.
Caution: A possible trend reversal in the direction of the support level at 194.61900 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 195.719 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance level at 195.71900 should be noted.
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 | 195.71900 |
| Current Price | 195.28900 |
| Next Low | 194.61900 |
| 2nd Low | 193.56500 |
| 3rd Low | 192.87700 |