GBP/JPY – 1H – BUYThe pair goes from the bearish trendline upwards
A bullish ascent up to the next resistance at 195.96900 is certain.
Caution: A possible reversal of the trend in the direction of support at 189.99900 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend is certain. Target of the current trend is 191.40792 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 195.96900 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 199.46500 |
| 2nd High | 197.59200 |
| Next High | 195.96900 |
| Current Price | 190.74800 |
| Next Low | 189.99900 |
| 2nd Low | 188.70000 |
| 3rd Low | 186.68500 |