FX.co - GBP/JPY approaching resistance, potential drop!

2020-02-17T09:20:42

Relevance until2020-02-18

Trading Recommendation

Entry: 144.432

Reason for Entry: 100% Fibonacci extension, horizontal swing high resistance, 50% fibonacci retracement

Take Profit : 141.120

Reason for Take Profit: Horizontal swing low support, 78.6%fibonacci retracement, 100% Fibonacci extension

Stop Loss: 145.457

Reason for Stop loss: 61.8% Fibonacci retracement

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ GBP/JPY approaching resistance, potential drop!