GBP/JPY – 30M – BUYThe combination breaks through the ascending trendline up.
A continuation of the uptrend up to the next resistance at 186.72600 is considered certain.
Caution: A possible counter-trend in the direction of the support zone at 185.28300 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Current target is 186.508 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 186.72600 should always be considered.
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 | 186.72300 |
| Next Low | 185.28300 |
| 2nd Low | 183.76300 |
| 3rd Low | 183.71400 |