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GBPJPY Testing Resistance, Potential Reversal!

Oleh ICmarkets
Broker
GBPJPY is testing its resistance area at 147.87 (61.8% Fibonacci extension x2, 76.4% Fibonacci retracement, horizontal overlap resistance) where it could potentially fall to its support at 145.32 (61.8% Fibonacci extension, horizontal swing low support).
Stochatic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
Chart PatternsForexforexsignalsGBPGBPJPYgbpjpyshortHarmonic PatternsjpyTrend Analysis
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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