GBP/JPY – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 194.244 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 195.24300 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 195.96900 |
| 2nd High | 195.61100 |
| Next High | 195.24300 |
| Current Price | 194.95300 |
| Next Low | 193.58700 |
| 2nd Low | 192.87700 |
| 3rd Low | 191.73000 |