GBP/JPY – 30M – BUYThe combination British Pound/Japanese Yen (GBP/JPY) breaks through the descending trendline upwards
A bullish trend upwards to the next resistance line at 192.46500 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 191.81400 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 192.615 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of resistance at 192.46500 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 193.72400 |
| 2nd High | 192.61500 |
| Next High | 192.46500 |
| Current Price | 192.24000 |
| Next Low | 191.81400 |
| 2nd Low | 191.59400 |
| 3rd Low | 190.68000 |