GBPJPY is reacting above ascending trendline support. A short term bounce above 1st support at 151.571 towards 1st resistance at 151.920 could be possible. Stochastic reacting above support where price bounced in the past as well.
Trading Recommendation
Entry: 151.571
Reason for Entry:
38.2% Fibonacci retracement
Take Profit: 151.920
Reason for Take Profit:
76.4% Fibonacci retracement, descending trendline resistance
Stop Loss: 151.385
Reason for Stop Loss:
78.6% Fibonacci extension, Graphical swing low, Ascending trendline support
