FX.co - GBPJPY facing bullish pressure, potential for further upside

30 July 2020 at 2:00AM (UTC+0)

Relevance until31 July 2020 at 2:00AM (UTC+0)

Trading Recommendation

Entry: 136.112

Reason for Entry: Ascending trend line, 23.6% fibonacci retracement, 78.6% fibonacci extension and horizontal overlap support

Take Profit: 137.060

Reason for Take Profit: 127.2% fibonacci retracement

Stop Loss: 135.688

Reason for Stop Loss: Horizontal swing low support, 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 facing bullish pressure, potential for further upside