Get started
ICmarkets

GBPJPY bounced nicely off its support, potential to rise further

Long
British Pound / Japanese Yen (FX:GBPJPY)  
ICmarkets Broker  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns GBPUSD GBP gbpjoy jpy gbjpylong Forex forexsignals Bitcoin (Cryptocurrency) BTCUSD
20
1
trendanalysis harmonicpatterns chartpattern gbpusd gbp gbpjoy jpy gbjpylong forex forexsignals bitcoin btcusd
GBPJPY tested its support at 150.58 (61.8% Fibonacci retracement, 38.2% Fibonacci retracement, horizontal overlap support, ascending support line) where it could potentially rise to its resistance at 152.19 (50% Fibonacci retracement, horizontal overlap resistance). If it surpasses this level, it could rise to its next resistance at 153.85 (100% Fibonacci extension, 61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) bounced off its support at 2.03% where it has a lot of upside potential.
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.
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.