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30.07.202004:00 Forex Analysis & Reviews: GBPJPY facing bullish pressure, potential for further upside

Exchange Rates 30.07.2020 analysis

Trading Recommendation

Entry: 136.112

Reason for Entry: Ascending trend line, 23.6% fibonacci retracement, 78.6% fibonacci extension and horizontal overlap support

Take Profit: 137.060

Reason for Take Profit: 127.2% fibonacci retracement

Stop Loss: 135.688

Reason for Stop Loss: Horizontal swing low support, 50% fibonacci retracement

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

Dean Leo,
Analytical expert
InstaForex Group © 2007-2021
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