GBP/JPY – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 196.364 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance line at 198.43800 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 198.91900 |
| 2nd High | 198.45500 |
| Next High | 198.43800 |
| Current Price | 195.38900 |
| Next Low | 194.35200 |
| 2nd Low | 194.29000 |
| 3rd Low | 193.82600 |