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GBPJPY is approaching resistance, potential reversal

Short
British Pound / Japanese Yen (SAXO:GBPJPY)  
TradeGATEHub  
SAXO:GBPJPY   British Pound / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns GBPJPY GBP jpy
5
1
trendanalysis harmonicpatterns chartpattern gbpjpy gbp jpy
Price is approaching our first resistance in line with our horizontal pullback resistance, 61.8% fibonacci retracement and 78.6% fibonacci extension where we could see a further drop below this level to our first support target. Ichimoku cloud is showing signs of bearish pressure in line with our bearish bias.
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