GBP/JPY – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Target of the current trend is 193.307616 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance level at 194.62100 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 196.41700 |
| 2nd High | 194.80200 |
| Next High | 194.62100 |
| Current Price | 192.97100 |
| Next Low | 192.84600 |
| 2nd Low | 191.73000 |
| 3rd Low | 190.40600 |