GBP/JPY – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 184.75358 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of support at 186.72600 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 188.11900 |
| 2nd High | 188.09000 |
| Next High | 186.72600 |
| Current Price | 185.52100 |
| Next Low | 183.76300 |
| 2nd Low | 183.71400 |
| 3rd Low | 182.80400 |