ICmarkets

GBJPY approaching resistance, potential reversal!

FX:GBPJPY   British Pound / Japanese Yen
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.
Get real-time trading updates at our official Telegram group : https://t.me/ICMarketsroom
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out