GBP/JPY – 1H – BUYThe currency pair breaks through the bearish trendline upwards
A bullish movement up to the next resistance line at 195.27700 is certain.
Caution: A possible trend reversal in the direction of the support zone at 193.82600 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 195.286506 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance zone at 195.27700 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 195.96900 |
| 2nd High | 195.71900 |
| Next High | 195.27700 |
| Current Price | 195.26500 |
| Next Low | 193.82600 |
| 2nd Low | 193.69800 |
| 3rd Low | 193.56500 |