GBP/JPY – 1H – BUYThe currency pair breaks through the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance line at 195.71900 will continue.
Caution: A possible change in the direction of the support level at 193.82600 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend will continue. Target of the current trend is 195.719 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the resistance level at 195.71900 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 195.96900 |
| Next High | 195.71900 |
| Current Price | 195.48000 |
| Next Low | 193.82600 |
| 2nd Low | 193.69800 |
| 3rd Low | 193.56500 |