FX.co ★ GBPJPY holding above ascending trendline support. Further push up expected!

GBPJPY holding above ascending trendline support and moving average. A further push up above 1st support at 135.852 towards 1st resistance at 136.363 can be possible.

Trading Recommendation

Entry: 135.825

Reason for Entry:

38.2% fib retracement, moving average, Ascending trendline support

Take Profit : 136.363

Reason for Take Profit:

-61.8% fib retracement, 127.2% Fib extension

Stop Loss: 135.673

Reason for Stop loss:

61.8% Fib extension ,Recent swing low