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.
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.
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