GBP/JPY – 30M – BUYThe combination breaks through the descending trendline upwards
An ascent up to the next resistance at 194.36700 is considered certain.
Caution: A possible counter-trend in the direction of support at 193.87100 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 194.695084 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance level at 194.36700 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 195.96900 |
| 2nd High | 195.61100 |
| Next High | 194.36700 |
| Current Price | 194.32900 |
| Next Low | 193.87100 |
| 2nd Low | 192.87700 |
| 3rd Low | 191.73000 |