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GBPJPY Approaching Support, Prepare For A Bounce

Oleh Klimex


GBPJPY is approaching its support at 144.81(100% Fibonacci extension ,horizontal swing low support, 76.4% Fibonacci retracement) where it could potentially bounce to its resistance at 146.02(50% Fibonacci retracement, horizontal swing high resistance, 61.8% Fibonacci extension).
Stochastic (89, 5, 3) is approaching its support at 3% where a corresponding bounce could occur.

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Chart PatternsforexsignalsGBPGBPJPYHarmonic PatternsjpyTrend Analysis
Klimex

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