GBP/JPY – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 195.792 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance line at 195.68900 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 195.79200 |
| 2nd High | 195.76500 |
| Next High | 195.68900 |
| Current Price | 195.45000 |
| Next Low | 194.05400 |
| 2nd Low | 193.82700 |
| 3rd Low | 193.62500 |