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British Pound / Japanese Yen
Short

GBPJPY Reversed Off Resistance, Potential Reversal

By ICmarkets
Broker
GBPJPY reversed off its resistance at 145.45 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could drop further to its support at 142.84 (50% Fibonacci retracement, horizontal swing low support).
Stochastic (89, 5, 3) reversed off its resistance at 98% where a corresponding drop could occur.
Chart PatternsForexforexsignalsGBPGBPJPYgbpjpyshortHarmonic 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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