GBP/JPY approaching resistance, potential drop!

analytics5e059727abbb0.png

Trading Recommendation

Entry: 142.875

Reason for Entry: breakout level

Take Profit : 1.27253

Reason for Take Profit:

38.2% Fibonacci retracement, horizontal swing low support

Stop Loss: 144.223

Reason for Stop loss:

Horizontal swing high resistance, 61.8% Fibonacci retracement

The material has been provided by InstaForex Company – www.instaforex.com

Source:: GBP/JPY approaching resistance, potential drop!

Won't your trader friends like this?
InstaForex
About the Author
InstaForex brand was created in 2007 and at the moment it’s a top choice of more than 2,000,000 traders. More than 1,000 clients open accounts with InstaForex every day. All InstaForex clients get great opportunities for effective trading on the forex market, as well as on-time technical and customer support

Related Posts

Leave a Reply

*