easyMarkets
Short

GBPJPY approaching resistance, potential drop!

FX:GBPJPY   British Pound / Japanese Yen
GBPJPY             is approaching our first resistance at 149.42 (horizontal swing high resistance, 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 145.46 (61.8% Fibonacci extension , 61.8% Fibonacci retracement ).
Stochastic (55,5,3) is also approaching resistance and seeing a bearish divergence where we might see a corresponding drop in price.
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