GBP/JPY – 30M – BUYThe currency pair British Pound/Japanese Yen (GBP/JPY) goes from the bullish trendline up.
A continuation of the upward movement up to the next resistance level at 195.76500 is likely expected.
Caution: A possible trend reversal in the direction of the support line at 194.69900 could happen.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 195.895 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of resistance at 195.76500 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 195.89500 |
| 2nd High | 195.79200 |
| Next High | 195.76500 |
| Current Price | 195.49900 |
| Next Low | 194.69900 |
| 2nd Low | 194.64900 |
| 3rd Low | 193.82700 |