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GBJPY approaching resistance, potential reversal!

British Pound / Japanese Yen (FX:GBPJPY)  
ICmarkets Broker  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns GBPJPY GBP jpy gbjpyshort Forex forexsignals Bitcoin (Cryptocurrency) BTCUSD
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trendanalysis harmonicpatterns chartpattern gbpjpy gbp jpy gbjpyshort forex forexsignals bitcoin btcusd
GBPJPY is approaching resistance at 149.20 (100% Fibonacci extension, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where it could potentially react off, causing price to fall to its support at 147.16 (horizontal swing low support). We do have to be cautious of the intermediate support at 147.62 (76.4% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reaction could occur.
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