GBP/JPY – 30M – BUYThe pair breaks through the descending trendline up.
A bullish movement upwards to the next resistance level at 195.71900 is considered certain.
Caution: A possible reversal of the trend in the direction of the support line at 194.61900 should always be considered.
Consider stop-loss settings accordingly.
Correction 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 195.719 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 195.71900 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 197.59200 |
| 2nd High | 195.96900 |
| Next High | 195.71900 |
| Current Price | 195.28900 |
| Next Low | 194.61900 |
| 2nd Low | 193.56500 |
| 3rd Low | 192.87700 |