GBP/JPY – 1H – BUYThe pair breaks through the ascending trendline up.
A continuation of the upward movement up to the next resistance at 193.35400 is certain.
Caution: A possible reversal of the trend in the direction of the support zone at 190.12600 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 certain. Current target is 192.431 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 193.35400 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 193.97200 |
| 2nd High | 193.48100 |
| Next High | 193.35400 |
| Current Price | 192.78200 |
| Next Low | 190.12600 |
| 2nd Low | 188.70000 |
| 3rd Low | 186.68500 |