GBP/JPY – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Target of the current trend is 194.597688 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 195.96900 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 199.46500 |
| 2nd High | 197.59200 |
| Next High | 195.96900 |
| Current Price | 192.89900 |
| Next Low | 189.56100 |
| 2nd Low | 188.70000 |
| 3rd Low | 188.16400 |