The combination jumps from the ascending trendline downwards
A descending movement downwards to the next support line at 183.76300 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 186.72600 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 185.902 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 186.72600 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance |
Price Range* |
3rd High |
188.11900 |
2nd High |
188.09000 |
Next High |
186.72600 |
Current Price |
186.61600 |
Next Low |
183.76300 |
2nd Low |
183.71400 |
3rd Low |
182.80400 |
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Trading Signals: FOREX – GBP – GBP/JPY – JPY