GBP/JPY – 1H – BUYCorrection of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 195.611 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 195.49300 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 195.96900 |
| 2nd High | 195.61100 |
| Next High | 195.49300 |
| Current Price | 195.13500 |
| Next Low | 193.56500 |
| 2nd Low | 192.87700 |
| 3rd Low | 191.73000 |