GBP/JPY – 1H – BUYThe pair British Pound/Japanese Yen (GBP/JPY) jumps from the bullish trendline down.
A bearish trend downwards to the next support line at 193.56200 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 194.80200 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Current target is 194.712736 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of resistance at 194.80200 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 198.43800 |
| 2nd High | 197.78100 |
| Next High | 194.80200 |
| Current Price | 194.03800 |
| Next Low | 193.56200 |
| 2nd Low | 192.87700 |
| 3rd Low | 191.73000 |