GBP/JPY – 1H – BUYCorrection of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 185.9165 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of resistance at 186.72600 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 188.11900 |
| 2nd High | 188.09000 |
| Next High | 186.72600 |
| Current Price | 185.47100 |
| Next Low | 184.36200 |
| 2nd Low | 183.71400 |
| 3rd Low | 182.80400 |