GBPJPY is approaching our first resistance where we are expecting a drop below this level.
Entry: 135.37
Why it's good : Horizontal overlap resistance, 61.8%, 100% Fibonacci extension, 61.8% Fibonacci extension
Stop Loss : 135.89
Why it's good : Horizontal swing high resistance, 78.6% Fibonacci retracement
Take Profit : 134.31
Why it's good: 76.4% Fibonacci retracement, horizontal swing low support
The material has been provided by InstaForex Company - www.instaforex.com