GBP/JPY – 1H – BUYThe combination moves from the ascending trendline down.
A descending movement down to the next support at 193.82600 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 196.04400 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 195.490344 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance line at 196.04400 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 196.04400 |
| Current Price | 195.10500 |
| Next Low | 193.82600 |
| 2nd Low | 193.69800 |
| 3rd Low | 193.56500 |