Get started
Klimex

GBPJPY bounced off Support, Prepare For A further rise

Long
British Pound / Japanese Yen (FX:GBPJPY)  
Klimex  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns GBP jpy GBPJPY forexsignals
22
0
trendanalysis harmonicpatterns chartpattern gbp jpy gbpjpy forexsignals
GBPJPY bounced off its support at 144.81(100% Fibonacci extension ,horizontal swing low support, 76.4% Fibonacci retracement ) where it could potentially bounce to its resistance at 146.02(50% Fibonacci retracement , horizontal swing high resistance, 61.8% Fibonacci extension ).
Stochastic (89, 5, 3) is approaching its support at 3% where a corresponding bounce could occur.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
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.