ICmarkets
Short

GBPJPY Approaching Resistance, Potential Reversal

FX:GBPJPY   British Pound / Japanese Yen
GBPJPY is approaching its resistance at 140.20 (100% Fibonacci extension , 50% Fibonacci retracement , horizontal overlap resistance) where it may reverse down to its support at 136.89 (38.2% Fibonacci retracement , horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding reversal may occur.
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