FX.co ★ GBPJPY holding above ascending trendline support!

Price holding above ascending trendline support. A bounce above 50% Fibonacci retracement and 1st support at 137.73 towards 1st resistance at 138.91is possible..

Trading Recommendation

Entry: 137.73

Reason for Entry:

ascending trendline resistance, 50% Fibonacci retracement

Take Profit: 138.91

Reason for Take Profit:

Horizontal pullback resistance

Stop Loss: 136.56

Reason for Stop Loss:

Horizontal pullback support