GBP/JPY – 30M – BUYCorrection of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 186.091918 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance line at 185.64000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 188.09000 |
| 2nd High | 186.72600 |
| Next High | 185.64000 |
| Current Price | 185.47100 |
| Next Low | 183.76300 |
| 2nd Low | 183.71400 |
| 3rd Low | 183.03900 |