GBP/JPY – 30M – SELLCorrection of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 198.225446 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support zone at 199.37100 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 199.70900 |
| 2nd High | 199.55300 |
| Next High | 199.37100 |
| Current Price | 198.50900 |
| Next Low | 198.31600 |
| 2nd Low | 197.86400 |
| 3rd Low | 197.10200 |