ICmarkets
Short

GBPJPY Reversed Off Resistance, Potential Drop!

FX:GBPJPY   British Pound / Japanese Yen
GBPJPY reversed off its resistance at 148.455 (61.8% & 100% Fibonacci extension , horizontal swing high resistance) where it is could drop further to its support at 146.78 (50% Fibonacci retracement , horizontal swing low support).
Stochastic (89, 5, 3) reversed off near its resistance. A bearish divergence with price has also been identified.
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