GBP/JPY – 30M – BUYThe pair breaks through the ascending trendline up.
A continuation of the upward movement up to the next resistance at 198.36900 is certain.
Caution: A possible change in the direction of the support line at 197.10200 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is certain. Target of the current trend is 198.369 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the resistance zone at 198.36900 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 199.70900 |
| Next High | 198.36900 |
| Current Price | 198.25100 |
| Next Low | 197.10200 |
| 2nd Low | 196.48700 |
| 3rd Low | 195.36700 |