GBP/JPY – 1H – SELLThe currency pair British Pound/Japanese Yen (GBP/JPY) jumps from the descending trendline downwards
A continuation of the downward movement down to the next support level at 190.39200 is expected.
Caution: A possible trend reversal in the direction of resistance at 191.33900 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 190.507 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 191.33900 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 191.71600 |
| 2nd High | 191.54900 |
| Next High | 191.33900 |
| Current Price | 191.01800 |
| Next Low | 190.39200 |
| 2nd Low | 189.29800 |
| 3rd Low | 188.19900 |
191.33900 – 191.54900 – 191.71600 – 190.39200 – 190.52500 – 190.66000