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Jul 9, 2018 3:14 AM

GBPJPY Testing Resistance, Potential Reversal! Short

British Pound/Japanese YenFXCM

Description

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.
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