FX.co - GBPJPY holding above trendline support! Further rise expected!

2020-07-09T01:34:52

Long-term review

Trading Recommendation

Entry: 134.708

Reason for Entry: Moving average support, 23.6% Fibonacci retracement, ascending trendline support

Take Profit: 136.354

Reason for Take Profit: -27% Fibonacci retracement, 200% Fibonacci extension

Stop Loss: 133.710

Reason for Stop Loss: 50% 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 ★ GBPJPY holding above trendline support! Further rise expected!