GBP/JPY – 1H – SELLCorrection of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 193.718 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 194.45500 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 197.78100 |
| 2nd High | 194.99000 |
| Next High | 194.45500 |
| Current Price | 194.29900 |
| Next Low | 192.85100 |
| 2nd Low | 192.51300 |
| 3rd Low | 192.44600 |