GBP/JPY – 1H – BUYCorrection of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Target of the current trend is 198.650564 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance line at 199.34700 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 199.34700 |
| Current Price | 198.19600 |
| Next Low | 198.03000 |
| 2nd Low | 197.79800 |
| 3rd Low | 196.39600 |