GBP/JPY – 1H – BUYCorrection of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 195.611 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of resistance at 195.49300 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 195.96900 |
| 2nd High | 195.61100 |
| Next High | 195.49300 |
| Current Price | 194.92100 |
| Next Low | 193.56500 |
| 2nd Low | 192.87700 |
| 3rd Low | 191.73000 |