Klimex
Long

GBPJPY Approaching Support, Potential Bounce

FX:GBPJPY   British Pound / Japanese Yen
GBPJPY is approaching its support at 142.53 (61.8% & 100% Fibonacci extension , 76.4% Fibonacci retracement , horizontal swing low support) where it could potentially bounce to its resistance at 145.50 (100% Fibonacci extension , 50% Fibonacci retracement , horizontal overlap resistance).

Stochastic (89, 5, 3) is approaching its support at 1.7% and there is bullish divergence with price where a corresponding bounce could occur.

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