Get started
ICmarkets

GBPJPY Approaching Resistance, Potential Reversal!

Short
British Pound / Japanese Yen (FX:GBPJPY)  
ICmarkets Broker  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns GBPJPY GBP jpy gbjpyshort Forex forexsignals
11
0
trendanalysis harmonicpatterns chartpattern gbpjpy gbp jpy gbjpyshort forex forexsignals
GBPJPY is approaching its resistance at 148.17 (61.8% & 100% Fibonacci extension, 76.4% & 50% Fibonacci retracement, horizontal overlap resistance) where it could potentially fall to its support at 145.63 (61.8% Fibonacci extension, horizontal overlap support).
Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reaction could occur.
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.