GBP/JPY – 30M – BUYThe currency pair moves from the bullish trendline upwards
A continuation of the upward movement up to the next resistance level at is expected.
Caution: A possible trend reversal in the direction of the support zone at 195.09600 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Target of the current trend is 196.516 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance line at could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 196.72100 |
| Next Low | 195.09600 |
| 2nd Low | 195.08500 |
| 3rd Low | 194.56000 |