GBPJPY Testing Resistance, Prepare For Reversal
GBPJPY is testing its resistance where we could potentially to see a reversal.
GBPJPY is testing its resistance at 145.61 (61.8%, 100% Fibonacci extension, 38.2% & 76.4% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 142.08 (61.8% Fibonacci extension, horizontal overlap support) could occur.
Stochastic (55, 5, 3) has reversed off its resistance at 97% where a corresponding drop could occur.
GBPJPY is testing its resistance at 145.61 (61.8%, 100% Fibonacci extension, 38.2% & 76.4% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 142.08 (61.8% Fibonacci extension, horizontal overlap support) could occur.
Stochastic (55, 5, 3) has reversed off its resistance at 97% where a corresponding drop could occur.
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