GBP/JPY – 30M – SELLThe pair goes from the bullish trendline downwards
A descending movement down to the next support line at 191.33200 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 193.31700 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 191.0085 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 193.31700 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 193.48100 |
| 2nd High | 193.35400 |
| Next High | 193.31700 |
| Current Price | 192.05400 |
| Next Low | 191.33200 |
| 2nd Low | 190.12600 |
| 3rd Low | 188.70000 |