FX.co ★ GBPJPY reversing below descending trendline resistance!

Trading Recommendation

Entry: 133.966

Reason for Entry: 50% Fibonacci retracement, Descending trendline resistance.

Take Profit: 131.690

Reason for Take Profit: Graphical swing low

Stop Loss: 135.227

Reason for Stop Loss: 76.4% Fibonacci retracement