GBP/JPY – 30M – BUYThe pair British Pound/Japanese Yen (GBP/JPY) goes from the bullish trendline downwards
A bearish trend downwards to the next support level at 193.56200 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 198.43800 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend will continue. Target of the current trend is 198.438 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 198.43800 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 198.91900 |
| 2nd High | 198.45500 |
| Next High | 198.43800 |
| Current Price | 197.60300 |
| Next Low | 193.56200 |
| 2nd Low | 192.87700 |
| 3rd Low | 191.73000 |