GBP/JPY – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 211.1985 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 212.146 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 212.146 |
| Current Price | 211.57900 |
| Next Low | 210.502 |
| 2nd Low | 210.251 |
| 3rd Low | 210.038 |
212.146 – 211.437 – 211.093 – 210.502 – 210.251 – 210.42 —
211.73800 – 211.71800 —
49.217234635952 – 54.790197494444 —
– —
212.14600 – 1767664800
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – – – – – – – – –