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:
