GBP/JPY – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 194.174956 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of support at 194.77500 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 195.57000 |
| 2nd High | 195.27700 |
| Next High | 194.77500 |
| Current Price | 194.61100 |
| Next Low | 193.82600 |
| 2nd Low | 193.69800 |
| 3rd Low | 193.56500 |