GBP/JPY – 30M – BUYThe currency pair goes from the bullish trendline up.
A continuation of the bullish trend up to the next resistance at 195.57000 is certain.
Caution: A possible counter-trend in the direction of the support zone at 194.63800 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 195.210656 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance zone at 195.57000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 195.96900 |
| 2nd High | 195.71900 |
| Next High | 195.57000 |
| Current Price | 194.89600 |
| Next Low | 194.63800 |
| 2nd Low | 194.61900 |
| 3rd Low | 193.56500 |