GBP/JPY – 30M – SELLThe pair jumps from the bearish trendline downwards
A continuation of the downward movement downwards to the next support at 196.85200 is likely expected.
Caution: A possible change in the direction of the resistance zone at 197.82200 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 197.230308 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support zone at 197.82200 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 198.45500 |
| 2nd High | 198.05200 |
| Next High | 197.82200 |
| Current Price | 197.46800 |
| Next Low | 196.85200 |
| 2nd Low | 196.73500 |
| 3rd Low | 196.48700 |