Sell GBP/JPY – 30M – SELL

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 196.496 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 198.43200 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Support & Resistance Price Range*
3rd High
2nd High
Next High 198.43200
Current Price 197.27500
Next Low 195.09600
2nd Low 195.08500
3rd Low 194.56000

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