Get started
Tickmill

GBPJPY approaching resistance, potential drop!

Short
British Pound / Japanese Yen (FX:GBPJPY)  
Tickmill Broker  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns GBPJPY GBP jpy gbpjpylong gbpjpyshort Forex forextrading forexsignal
47
1
trendanalysis harmonicpatterns chartpattern gbpjpy gbp jpy gbpjpylong gbpjpyshort forex forextrading forexsignal
GBPJPY is approaching our first resistance at 146.02 (horizontal overlap resistance, 50%, 61.8% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 141.83 (horizontal pullback support, 50% Fibonacci retracement).
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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.