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GBPJPY approaching strong resistance area, keep an eye out!
GBPJPY is approaching strong resistance area at 147.27 (Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to push prices all the way down to major support at 143.40 (Fibonacci extension, horizontal swing low support).
Stochastic (55,5,3) is seeing major resistance at 96% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (55,5,3) is seeing major resistance at 96% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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