MEX_Exchange
Short

GBPJPY Approaching Resistance, Prepare For a Reversal

FX:GBPJPY   British Pound / Japanese Yen
Sell below 153.90. Stop loss at 154.57. Take profit at 152.13.
Reason for the trading strategy (technically):
GBPJPY             is approaching its resistance at 153.90 (76.4% Fibonacci retracement , multiple swing high resistance) where we expect prices to fall to its support at 152.13 (23.6% Fibonacci retracement , horizontal overlap support).
Stochastic (89, 5, 3) is approaching its resistance at 98% where we expect to see a similar reversal.
https://telegram.me/fxtradingroom --> join the waiting list for our free live trading room!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out