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GBPJPY Bounced Off Support, Potential For A Further Rise

Long
British Pound / Japanese Yen (FX:GBPJPY)  
ICmarkets Broker  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns GBPJPY GBP jpy gbjpylong CAD EUR aud USD
129
2
trendanalysis harmonicpatterns chartpattern gbpjpy gbp jpy gbjpylong cad eur aud usd
GBPJPY bounced nicely off its support at 145.63 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 147.14 (50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is bounced off its support at 2.7% where a corresponding rise could occur.
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