GBP/JPY – 30M – SELLThe combination British Pound/Japanese Yen (GBP/JPY) goes from the ascending trendline downwards
A bearish movement downwards to the next support line at 188.19900 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 190.30800 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 188.884 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 190.30800 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 193.66300 |
| 2nd High | 191.75400 |
| Next High | 190.30800 |
| Current Price | 189.56500 |
| Next Low | 188.19900 |
| 2nd Low | 187.46000 |
| 3rd Low | 187.45700 |
190.30800 – 189.95600 – 188.76800 – 188.19900 – 187.46000 – 188.02300