GBP/JPY – 1H – BUYThe pair breaks through the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance level at 193.35400 will continue.
Caution: A possible counter-trend in the direction of the support level at 186.68500 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Current target is 190.386 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance line at 193.35400 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 193.97200 |
| 2nd High | 193.48100 |
| Next High | 193.35400 |
| Current Price | 191.19500 |
| Next Low | 186.68500 |
| 2nd Low | 185.81900 |
| 3rd Low | 185.28300 |