GBP/JPY – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 191.32314 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance level at 192.29900 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 193.48100 |
| 2nd High | 193.35400 |
| Next High | 192.29900 |
| Current Price | 190.91300 |
| Next Low | 188.70000 |
| 2nd Low | 188.16400 |
| 3rd Low | 186.68500 |