ICmarkets

GBPJPY Testing Resistance, Potential Reversal!

Short
FX:GBPJPY   British Pound / Japanese Yen
GBPJPY is testing its resistance area at 147.87 (61.8% Fibonacci extension x2, 76.4% Fibonacci retracement, horizontal overlap resistance) where it could potentially fall to its support at 145.32 (61.8% Fibonacci extension, horizontal swing low support).
Stochatic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.

IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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.