FX.co - GBPJPY reversing below descending trendline resistance!

2020-06-23T07:11:43

Long-term review

Trading Recommendation

Entry: 133.966

Reason for Entry: 50% Fibonacci retracement, Descending trendline resistance.

Take Profit: 131.690

Reason for Take Profit: Graphical swing low

Stop Loss: 135.227

Reason for Stop Loss: 76.4% 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 ★ GBPJPY reversing below descending trendline resistance!