FX.co - GBP/JPY approaching resistance, potential reversal!

2019-07-19T05:36:43

Long-term review

GBPJPY is approaching resistance where we might be seeing a reversal below this level.

Entry: 135.31

Why it's good : horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement

Stop Loss : 135.89

Why it's good : 78.6% Fibonacci retracement, Horizontal swing high resistance

Take Profit : 134.60

Why it's good: Horizontal overlap support, 50% Fibonacci retracement

GBP/JPY approaching resistance, potential reversal!

*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 resistance, potential reversal!