FX.co - GBP/JPY approaching support, big potential bounce coming!

2019-05-31T02:20:33

Long-term review

Price is approaching our first support level.

Entry : 137.65

Why it's good : Horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension

Stop Loss : 136.29

Why it's good : 100% Fibonacci extension

Take Profit : 139.61

Why it's good : 50% Fibonacci retracement, horizontal overlap resistance, 100% Fibonacci extension

GBP/JPY approaching support, big potential bounce coming!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ GBP/JPY approaching support, big potential bounce coming!