GBP/JPY approaching resistance, potential drop!

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

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