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

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Forex Analysis:::2019-07-19T05:36:43

GBP/JPY approaching resistance, potential reversal!

GBPJPY is approaching resistance where we might be seeing a reversal below this level.

Entry: 135.31

Why it's good : horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement

Stop Loss : 135.89

Why it's good : 78.6% Fibonacci retracement, Horizontal swing high resistance

Take Profit : 134.60

Why it's good: Horizontal overlap support, 50% Fibonacci retracement

GBP/JPY approaching resistance, potential reversal!

Analyst InstaForex
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