GBPJPY Sees Further Downside as U.K. Coronavirus Cases Climb

1. Intermediate support could be found at 149.00 where AB=CD pattern, horizontal swing low as well as round number threshold are.
2. Should price fall below the above-mentioned support zone, 146.85-147.60 could be a confluence of support where trendline support, horizontal pullback support as well as 38.2% Fibonacci retracement of Wave 3 line up.
3. Stochastics is approaching the support level at 0.04 where a bounce usually happens.