FX.co - GBP/JPY broke below ascending trendline support. What next?

2020-03-12T09:33:29

Long-term review

Trading Recommendation

Entry: 130.689

Reason for Entry: 78.6% Fibonacci Extension, Graphical swing low

Take Profit : 136.945

Reason for Take Profit: 38.2% Fibonacci Retracement

Stop Loss: 126.553

Reason for Stop loss: Horizontal swing low

*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 broke below ascending trendline support. What next?