GBPJPY H4 | Breaking out of resistance
Updated
GBPJPY is rising towards a pullback resistance and could potentially break above this level and climb higher.
Buy entry is at 189.153 which is a pullback resistance.
Stop loss is at 188.484 which is a level that sits above a swing-low support that aligns with 50% Fibonacci retracement.
Take profit is at 191.317 which is a swing-high resistance
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Buy entry is at 189.153 which is a pullback resistance.
Stop loss is at 188.484 which is a level that sits above a swing-low support that aligns with 50% Fibonacci retracement.
Take profit is at 191.317 which is a swing-high resistance
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Trade closed: target reached
Account FP - #1080732Take Profit reached. Lifetime Win Ratio for this account now at 60%.
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