ICmarkets
Short

GBPJPY approaching resistance, potential reversal!

FX:GBPJPY   British Pound / Japanese Yen
GBPJPY reversed off its resistance at 149.20 (100% Fibonacci extension , 38.2% Fibonacci retracement , horizontal overlap resistance) where it could potentially drop to its support at 147.14 (horizontal swing low support).
Stochastic (89, 5, 3) is reversed off its resistance at 96% where it has a lot of corresponding downside potential.
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great prediction and amazing analysis!! seems obvious but not to all good job sir!
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ICmarkets pjtpeter
@pjtpeter, thank you!
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