GBPJPY Reversed Off Major Resistance, Potential For A Drop!
GBPJPY reversed nicely off its resistance at 148.78 (100% & 61.8% Fibonacci extension, 76.4%, 50% & 38.2% Fibonacci retracement, horizontal overlap resistance) where a further drop to its support at 146.72 (38.2% Fibonacci retracement, horizontal pullback support) could occur.
Stochastic (89, 5, 3) reversed nicely off its resistance at 98% where a corresponding drop could occur.
Stochastic (89, 5, 3) reversed nicely off its resistance at 98% where a corresponding drop could occur.
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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.