GBP/JPY – 1H – BUYCorrection of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 197.518208 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance line at 197.62900 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 198.43200 |
| Next High | 197.62900 |
| Current Price | 196.82700 |
| Next Low | 196.41900 |
| 2nd Low | 195.09600 |
| 3rd Low | 194.56000 |