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GBPJPY Approaching Resistance, Potential For A Further Drop

Oleh ICmarkets
Broker
GBPJPY is approaching its resistance at 146.04 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback resistance) where it could potentially drop further to its support at 144.84 (61.8% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) reversed off its resistance at 96% where a corresponding drop could occur.
audCADChart PatternsEURGBPGBPJPYHarmonic PatternsjpyNZDTrend AnalysisUSD
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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