GBPJPY is holding above ascending trendline support. With technical indicators showing room for further bullish upside, a further push up above our 1st support at 150.493 towards 1st resistance at 151.512 could be possible.
Trading Recommendation
Entry: 150.493
Reason for Entry: 38.2% Fibonacci retracement, ascending trendline support
Take Profit: 151.512
Reason for Take Profit: -27.2% Fibonacci retracement
Stop Loss: 150.117
Reason for Stop Loss: 50% Fibonacci retracement, Graphical swing low.
