GBP/JPY – 30M – SELLThe combination jumps from the bullish trendline down.
A bearish movement down to the next support line at 197.10200 will continue.
Caution: A possible change in the direction of resistance at 199.04400 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 197.7655 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support zone at 199.04400 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 199.70900 |
| Next High | 199.04400 |
| Current Price | 198.26500 |
| Next Low | 197.10200 |
| 2nd Low | 196.48700 |
| 3rd Low | 195.36700 |