GBP/JPY – 1H – SELLCorrection of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is certain. Target of the current trend is 194.875624 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support line at 195.49300 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 195.96900 |
| 2nd High | 195.61100 |
| Next High | 195.49300 |
| Current Price | 195.34600 |
| Next Low | 194.61900 |
| 2nd Low | 193.56500 |
| 3rd Low | 192.87700 |