GBBPJPY is approaching our first support at 144.84 (horizontal pullback support, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong bounce might occur above this level to our major resistance at 146.74 (50% Fibonacci retracement). Stochastic (34,5,3) is also approaching our support where we might see a bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.