GBP/JPY – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 187.17633 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance level at 186.38900 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 188.11900 |
| 2nd High | 188.09000 |
| Next High | 186.38900 |
| Current Price | 186.18400 |
| Next Low | 183.71400 |
| 2nd Low | 183.03900 |
| 3rd Low | 182.80400 |