The pair goes from the bearish trendline down.
A continuation of the bearish trend downwards to the next support at 190.40600 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 195.17000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 191.073288 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support zone at 195.17000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Support & Resistance |
Price Range* |
3rd High |
197.59200 |
2nd High |
195.96900 |
Next High |
195.17000 |
Current Price |
192.60800 |
Next Low |
190.40600 |
2nd Low |
189.84600 |
3rd Low |
189.56100 |
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Trading Signals: FOREX – GBP – GBP/JPY – JPY