GBP/JPY – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 186.015168 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance line at 186.72600 is also possible.
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 | 186.72600 |
| Current Price | 185.52300 |
| Next Low | 185.27800 |
| 2nd Low | 183.71400 |
| 3rd Low | 183.03900 |