GBP/JPY – 30M – SELLThe currency pair jumps from the ascending trendline downwards
A bearish movement downwards to the next support line at 185.28300 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 187.44400 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 185.6035 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 187.44400 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 188.11900 |
| 2nd High | 188.09000 |
| Next High | 187.44400 |
| Current Price | 186.31900 |
| Next Low | 185.28300 |
| 2nd Low | 183.76300 |
| 3rd Low | 183.71400 |