GBP/JPY – 30M – BUYThe currency pair jumps from the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance level at 199.04400 is considered certain.
Caution: A possible reversal of the trend in the direction of support at 197.86400 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 199.044 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 199.04400 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 199.70900 |
| Next High | 199.04400 |
| Current Price | 198.95000 |
| Next Low | 197.86400 |
| 2nd Low | 197.10200 |
| 3rd Low | 196.48700 |