GBP/JPY – 30M – BUYThe combination British Pound/Japanese Yen (GBP/JPY) goes from the ascending trendline upwards
A continuation of the uptrend up to the next resistance at 195.99500 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 194.35200 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Current target is 195.268928 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance level at 195.99500 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 198.43800 |
| 2nd High | 196.14300 |
| Next High | 195.99500 |
| Current Price | 194.69600 |
| Next Low | 194.35200 |
| 2nd Low | 194.29000 |
| 3rd Low | 193.82600 |