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

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Forex Analysis:::2020-07-09T01:34:52

GBPJPY holding above trendline support! Further rise expected!

GBPJPY holding above trendline support! Further rise expected!

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

Analyst InstaForex
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