GBPJPY is approaching its resistance at 148.17 (61.8% & 100% Fibonacci extension, 76.4% & 50% Fibonacci retracement, horizontal overlap resistance) where it could potentially fall to its support at 145.63 (61.8% Fibonacci extension, horizontal overlap support). Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reaction could occur.
EURJPY is approaching its resistance at 131.32 (76.4% & 50% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 129.23 (61.8% Fibonacci extension, horizontal pullback support). Stochastic ( 89, 5, 3) is approaching resistance at 98% where a corresponding reaction could occur.
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...
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.
Gbpjpy Trading around 153.2 level we Can see on Weekly its Formed bearish Pin bar. if hold below 155 we can see a big drop toward 150-147. Advice to sell in range of 153.2-154.5 sl above 155.5 TP1 150 TP2 147
Gbpjpy Trading around 139.35 Strong Resistance around 140.7 If hold below that level we can see a drop toward 1.38-1.36 Advice sell in range of 139.3-140.2 sl above 141 TP1 138 TP2 136
GBPJPY has been turning bullish for the last few weeks, with impulse up as wave A) shown on the daily chart which means that market is in a bigger three wave recovery which is expected to resume after wave B) pullback, that can be as of current price activity completed. We are specifically talking about the new bounce, that occurred the past week, from around the...