GBP/JPY – 1H – BUYCorrection of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 198.779812 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance line at 199.70900 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 199.70900 |
| Current Price | 198.25100 |
| Next Low | 195.36700 |
| 2nd Low | 195.09600 |
| 3rd Low | 194.56000 |