GBP/JPY – 30M – SELLCorrection of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 198.3275 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 199.55300 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 199.70900 |
| Next High | 199.55300 |
| Current Price | 198.78300 |
| Next Low | 198.57200 |
| 2nd Low | 197.86400 |
| 3rd Low | 197.10200 |