The pair moves from the ascending trendline downwards
A bearish trend downwards to the next support level at 185.28300 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 186.50800 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 186.508 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance zone at 186.50800 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance |
Price Range* |
3rd High |
188.09000 |
2nd High |
186.72600 |
Next High |
186.50800 |
Current Price |
186.27200 |
Next Low |
185.28300 |
2nd Low |
183.76300 |
3rd Low |
183.71400 |
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Trading Signals: FOREX – GBP – GBP/JPY – JPY