GBP/JPY – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 195.210656 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 195.71900 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 197.59200 |
| 2nd High | 195.96900 |
| Next High | 195.71900 |
| Current Price | 195.10700 |
| Next Low | 194.61900 |
| 2nd Low | 193.56500 |
| 3rd Low | 192.87700 |