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GBPJPY approaching resistance, potential reversal!

Oleh ICmarkets
Broker
GBPJPY reversed off its resistance at 149.20 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where it could potentially drop to its support at 147.14 (horizontal swing low support).
Stochastic (89, 5, 3) is reversed off its resistance at 96% where it has a lot of corresponding downside potential.
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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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