GBP/JPY – 1H – BUYThe pair moves from the descending trendline downwards
A continuation of the bearish trend down to the next support line at 194.61900 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 195.96900 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Current target is 195.493 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance zone at 195.96900 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 199.46500 |
| 2nd High | 197.59200 |
| Next High | 195.96900 |
| Current Price | 195.68100 |
| Next Low | 194.61900 |
| 2nd Low | 193.56500 |
| 3rd Low | 192.87700 |