GBP/JPY – 30M – BUYThe combination British Pound/Japanese Yen (GBP/JPY) moves from the ascending trendline downwards
The bearish trend downwards to the next support level at 192.85100 is likely expected.
Caution: A possible change in the direction of the resistance line at 194.99000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 194.532254 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the resistance line at 194.99000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 197.78100 |
| 2nd High | 196.41700 |
| Next High | 194.99000 |
| Current Price | 194.12400 |
| Next Low | 192.85100 |
| 2nd Low | 192.51300 |
| 3rd Low | 192.44600 |