Get started
Klimex

GBPJPY Reversed Off Resistance, Prepare For Further Drop

Short
British Pound / Japanese Yen (FX:GBPJPY)  
Klimex  
FX:GBPJPY   British Pound / Japanese Yen
Harmonic Patterns Trend Analysis Chart Patterns GBP jpy GBPJPY forexsignals
26
0
harmonicpatterns trendanalysis chartpattern gbp jpy gbpjpy forexsignals



GBPJPY reversed off its resistance at 146.45 (100% Fibonacci extension ,50% Fibonacci retracement, horizontal swing high resistance) where it is expected to drop further to its support at 145.18(50% Fibonacci retracement, horizontal overlap support).

Stochastic (55, 5, 3) reversed off its resistance at 95% where a corresponding drop is expected.


Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.