GBP/JPY – 30M – SELLThe combination moves from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support at 193.56500 is expected.
Caution: A possible change in the direction of the resistance line at 195.22900 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 194.529 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 195.22900 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 195.61100 |
| 2nd High | 195.49300 |
| Next High | 195.22900 |
| Current Price | 194.93500 |
| Next Low | 193.56500 |
| 2nd Low | 192.87700 |
| 3rd Low | 191.73000 |