GBP/JPY – 1H – BUYCorrection of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 195.268928 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of resistance at 196.14300 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 198.45500 |
| 2nd High | 198.43800 |
| Next High | 196.14300 |
| Current Price | 194.97000 |
| Next Low | 194.29000 |
| 2nd Low | 193.82600 |
| 3rd Low | 193.69800 |