GBP/JPY – 30M – BUYThe pair British Pound/Japanese Yen (GBP/JPY) breaks through the bearish trendline upwards
An ascending movement upwards to the next resistance at 198.23700 will persist.
Caution: A possible reversal of the trend in the direction of the support level at 197.07200 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 198.237 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 198.23700 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 198.91900 |
| 2nd High | 198.45500 |
| Next High | 198.23700 |
| Current Price | 197.99200 |
| Next Low | 197.07200 |
| 2nd Low | 196.64800 |
| 3rd Low | 196.48700 |