ICmarkets

GBPAUD Approaching Resistance, Potential Reversal!

Short
FX:GBPAUD   British Pound / Australian Dollar
NZDJPY is approaching its resistance at 1.8432 (Horizontal swing high resistance, 61.8% Fibonacci extension , 78.6% Fiboancci retracement) where it could potentially drop to its support at 1.8158 (Horizontal pullback support, 50% Fiboancci retracement).
Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding bounce could occur.

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