GBP/JPY – 30M – BUYCorrection of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Target of the current trend is 198.779812 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance line at 199.70900 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 199.70900 |
| Current Price | 198.07700 |
| Next Low | 195.36700 |
| 2nd Low | 195.09600 |
| 3rd Low | 195.08500 |