GBP/JPY – 30M – BUYThe pair jumps from the bullish trendline downwards
A descending movement down to the next support at 191.95600 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 193.31700 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 193.317 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance line at 193.31700 could occur.
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 | 192.60800 |
| Next Low | 191.95600 |
| 2nd Low | 191.75200 |
| 3rd Low | 191.33200 |