ICmarkets

GBPJPY Tested Resistance, Potential Drop!

Short
FX:GBPJPY   British Pound / Japanese Yen
GBPJPY tested its resistance at 146.43 (61.8% & 100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where we could potentially drop to its support at 144.88 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support).
Stochastic (89, 5, 3) reversed near its resistance at 97% where a corresponding drop could occur.

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