GBPJPY is approaching its support, potential bounce!
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.
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.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.