GBP/JPY – 30M – SELLThe pair moves from the ascending trendline down.
A descending movement down to the next support at 189.84600 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 193.35800 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 189.561 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 193.35800 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 197.59200 |
| 2nd High | 195.96900 |
| Next High | 193.35800 |
| Current Price | 190.59700 |
| Next Low | 189.84600 |
| 2nd Low | 189.56100 |
| 3rd Low | 188.70000 |