GBP/JPY – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 198.650564 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance line at 199.34700 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 199.34700 |
| Current Price | 198.18700 |
| Next Low | 197.13400 |
| 2nd Low | 196.39600 |
| 3rd Low | 195.09600 |