GBPJPY is testing ascending trend line and also an overlap support level. Price could potentially make a bounce from here and see a short term recovery up to 1st resistance at 151.28 area. Our 2nd support is slightly beyond the market structure to protect our position and also positioned slightly below at 78.6% Fibonacci retracement.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.