GBPJPY approaching resistance, potential drop!
GBPJPY is approaching our first resistance at 145.32 (horizontal overlap resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where price might potentially drop to our first support at 144.18 (horizontal swing low support, 61.8% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price should it react off this level.
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price should it react off this level.
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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.