GBPJPY H4 | Rising into 50% Fibo resistance?

2023年7月14日

GBPJPY is rising towards a key resistance and could potentially reverse from here. We could see price drop down to our take profit target.

Entry: 182.045
Why we like it:
There is an overlap resistance that aligns above the 50.0% Fibonacci retracement level

Stop Loss: 183.880
Why we like it:
There is an overlap resistance at the recent swing-high

Take Profit: 179.463
Why we like it:
There is a recent swing-low

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