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GBPJPY Approaching Resistance, Potential Reversal

Short
British Pound / Japanese Yen (FX:GBPJPY)  
ICmarkets Broker  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns GBPJPY GBP jpy gbpjpylong gbpjpyshort Forex forextrading forexsignal
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trendanalysis harmonicpatterns chartpattern gbpjpy gbp jpy gbpjpylong gbpjpyshort forex forextrading forexsignal
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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