Klimex

GBPJPY Bounced Off Support, Potential For A Further Rise

Long
FX:GBPJPY   British Pound / Japanese Yen
GBPJPY bounced off its support at 139.88 (100% Fibonacci extension , horizontal swing low support) where it could potentially rise further to its resistance at 142.15 (100% Fibonacci extension , 23.6% Fibonacci retracement).

Stochastic (89, 5, 3) is bounced off its support at 1.7% where a further rise could occur.
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