ICmarkets
Short

GBPJPY Approaching Resistance, Potential Reversal!

FX:GBPJPY   British Pound / Japanese Yen
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.
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