GBP/JPY – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 197.357096 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support zone at 198.45500 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 199.37100 |
| 2nd High | 198.91900 |
| Next High | 198.45500 |
| Current Price | 197.79900 |
| Next Low | 196.73500 |
| 2nd Low | 196.48700 |
| 3rd Low | 195.36700 |