The pair goes from the bullish trendline downwards
A descending movement down to the next support line at 191.33200 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 193.31700 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 191.0085 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 193.31700 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Support & Resistance |
Price Range* |
3rd High |
193.48100 |
2nd High |
193.35400 |
Next High |
193.31700 |
Current Price |
192.05400 |
Next Low |
191.33200 |
2nd Low |
190.12600 |
3rd Low |
188.70000 |
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Trading Signals: FOREX – GBP – GBP/JPY – JPY