GBP/JPY – 30M – BUYThe combination goes from the bullish trendline downwards
A bearish descent downwards to the next support line at 193.82600 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 195.71900 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. 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 the resistance zone at 195.71900 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 195.96900 |
| Next High | 195.71900 |
| Current Price | 195.61600 |
| Next Low | 193.82600 |
| 2nd Low | 193.69800 |
| 3rd Low | 193.56500 |