GBP/JPY – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 197.644704 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance zone at 197.62900 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 198.43200 |
| Next High | 197.62900 |
| Current Price | 196.95000 |
| Next Low | 196.64300 |
| 2nd Low | 195.09600 |
| 3rd Low | 195.08500 |