GBP/JPY – 30M – SELL
The combination jumps from the bearish trendline down.
A continuation of the downward movement downwards to the next support level at 192.49900 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 193.26000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is expected. Current target is 192.98209 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 193.26000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Support & Resistance | Price Range* |
---|---|
3rd High | 193.35400 |
2nd High | 193.31700 |
Next High | 193.26000 |
Current Price | 193.07700 |
Next Low | 192.49900 |
2nd Low | 192.46900 |
3rd Low | 191.95600 |