GBP/JPY – 30M – SELLThe pair goes from the descending trendline down.
A continuation of the bearish trend down to the next support line at 196.39600 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 197.62900 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 196.876496 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 197.62900 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 198.43200 |
| Next High | 197.62900 |
| Current Price | 197.32500 |
| Next Low | 196.39600 |
| 2nd Low | 195.09600 |
| 3rd Low | 195.08500 |