30.09.202016:37 GBPJPY holding above ascending trendline support. Further push up expected!

Exchange Rates 30.09.2020 analysis

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

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Dean Leo,
Analytical expert
InstaForex Group © 2007-2020
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Show more
Can't speak right now?
Ask your question in the chat.