easyMarkets
Long

GBPJPY approaching support, potential bounce!

FX:GBPJPY   British Pound / Japanese Yen
GBPJPY is approaching our first support at 144.84 (horizontal overlap support, 100% Fibonacci extension , 50% Fibonacci retracement ) where a strong bounce might occur above this level to our major resistance at 146.74 (horizontal pullback resistance, 50% Fibonacci retracement ).
Stochastic (34,5,3) is also approaching our support where we might see a bounce in price.
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