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08.10.202013:23 Analytische Bewertungen Forex: GBPJPY bouncing from 1st support, further rise expected !

Exchange Rates 08.10.2020 analysis

GBPJPY is bouncing off 1st support where the horizontal swing low ,61.8% fib retracement and 78.6% fib extension are. MACD is also showing signs of bullishness.

Trading Recommendation

Entry: 135.925

Reason for Entry:

horizontal swing low ,61.8% fib retracement and 78.6% fib extension are

Take Profit: 137.374

Reason for Take Profit:

horizontal swing high

Stop Loss: 135.122

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.

Viele Grüße,
Analytiker: Dean Leo
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