GBP/JPY – 1H – BUYThe pair breaks through the bullish trendline upwards
A continuation of the bullish trend up to the next resistance at is likely expected.
Caution: A possible trend reversal in the direction of the support line at 195.09600 could be enabled.
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. Target of the current trend is 196.516 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance level at could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 196.78500 |
| Next Low | 195.09600 |
| 2nd Low | 194.56000 |
| 3rd Low | 193.82600 |