GBP/JPY – 30M – BUYThe combination jumps from the ascending trendline down.
A bearish movement downwards to the next support level at 193.82600 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 195.59500 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 195.595 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of resistance at 195.59500 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 195.96900 |
| 2nd High | 195.71900 |
| Next High | 195.59500 |
| Current Price | 195.25700 |
| Next Low | 193.82600 |
| 2nd Low | 193.69800 |
| 3rd Low | 193.56500 |