GBP/JPY – 1H – BUYThe pair goes from the bullish trendline down.
A bearish movement down to the next support level at 185.28300 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 187.44400 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Current target is 187.444 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of resistance at 187.44400 could occur.
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 | 187.44400 |
| Current Price | 187.24700 |
| Next Low | 185.28300 |
| 2nd Low | 183.76300 |
| 3rd Low | 183.71400 |