GBP/JPY – 30M – SELLThe pair moves from the descending trendline downwards
A continuation of the bearish trend down to the next support level at 194.56000 is certain.
Caution: A possible change in the direction of the resistance line at 195.32400 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 194.871 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 195.32400 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 196.04400 |
| Next High | 195.32400 |
| Current Price | 195.32100 |
| Next Low | 194.56000 |
| 2nd Low | 193.82600 |
| 3rd Low | 193.69800 |