GBP/JPY – 30M – BUYThe combination jumps from the bullish trendline down.
A bearish trend down to the next support line at 193.56500 will persist.
Caution: A possible change in the direction of resistance at 195.49300 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 195.080408 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of resistance at 195.49300 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 195.96900 |
| 2nd High | 195.61100 |
| Next High | 195.49300 |
| Current Price | 194.66300 |
| Next Low | 193.56500 |
| 2nd Low | 192.87700 |
| 3rd Low | 191.73000 |