Tue. Apr 23rd, 2024
Price could fall to our buy entry at 181.15, which is an overlap support level, aligning with the 50% fibo retracement and 78.6% fibo projection. This area shows fibo confluence, and hence, price could potentially bullish from our buy entry. Our stop loss is at 180.16, which is below a swing low support as well as the 61.8% fibo retracement. Take profit is at 182.44, which is back at the swing high resistance level.

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The post GBPJPY H4 | Bullish reversal off 78.6% fibo? for FX:GBPJPY by FXCM appeared first on WorldNewsEra.

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