GBP/JPY – 30M – SELLThe combination British Pound/Japanese Yen (GBP/JPY) moves from the descending trendline downwards
A continuation of the downtrend downwards to the next support line at 193.48800 is certain.
Caution: A possible change in the direction of the resistance line at 194.62100 could occur.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 193.307616 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support zone at 194.62100 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 196.41700 |
| 2nd High | 194.80200 |
| Next High | 194.62100 |
| Current Price | 193.59300 |
| Next Low | 193.48800 |
| 2nd Low | 192.84600 |
| 3rd Low | 191.73000 |