GBP/JPY – 1H – BUYThe combination British Pound/Japanese Yen (GBP/JPY) breaks through the ascending trendline up.
A continuation of the uptrend up to the next resistance level at 194.62100 is likely expected.
Caution: A possible reversal of the trend in the direction of support at 192.44600 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Current target is 194.103 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 194.62100 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 197.78100 |
| 2nd High | 194.80200 |
| Next High | 194.62100 |
| Current Price | 194.49600 |
| Next Low | 192.44600 |
| 2nd Low | 190.59400 |
| 3rd Low | 190.33800 |