FX.co - GBP/JPY testing resistance, potential reversal

2020-06-08T01:51:50

Relevance until2020-06-09

Trading Recommendation

Entry: 140.810

Reason for Entry: horizontal overlap resistance, 100% fibonacci extension and 78.6% fibonacci retracement

Take Profit: 135.753

Reason for Take Profit: horizontal pullback support and 38.2% fibonacci retracement

Stop Loss: 143.060

Reason for Take Profit: 88.6% fibonacci retracement

*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 testing resistance, potential reversal