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British Pound / Japanese Yen
Long

GBPJPY is approaching its support, potential bounce!

By ICmarkets
Broker
GBPJPY is approaching its support at 143.08 (Horizontal overlap support, 78.6% Fibonacci retracement , 100% Fibonacci extension ) where price could bounce above this level to our resistance at 146.20 (horizontal pullback resistance, 100% Fibonacci extension , 50% Fibonacci retracement ).
Stochastic (55,5,3) is also seeing a bullish divergence and is approaching its support where a bounce off this level will see a corresponding rise in price.
Bitcoin (Cryptocurrency)BTCBTCUSDChart PatternsForexforexsignalsGBPGBPJPYgbpjpylongHarmonic PatternsjpyTrend Analysis
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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