GBP/JPY – 30M – SELLCorrection of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 194.76 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 195.79200 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 196.41700 |
| 2nd High | 195.89500 |
| Next High | 195.79200 |
| Current Price | 195.32500 |
| Next Low | 194.64900 |
| 2nd Low | 193.82700 |
| 3rd Low | 193.62500 |