GBP/JPY – 1H – BUY
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 185.9165 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of resistance at 186.72600 should be noted.
Consider stop-loss settings accordingly.
Support & Resistance | Price Range* |
---|---|
3rd High | 188.11900 |
2nd High | 188.09000 |
Next High | 186.72600 |
Current Price | 185.47100 |
Next Low | 184.36200 |
2nd Low | 183.71400 |
3rd Low | 182.80400 |