GBP/JPY – 1H – SELLCorrection of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 197.104982 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support zone at 199.70900 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 199.70900 |
| Current Price | 196.68700 |
| Next Low | 196.39600 |
| 2nd Low | 195.09600 |
| 3rd Low | 194.56000 |