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GBPJPY Approaching Support, Prepare For A Bounce!

Oleh ICmarkets
Broker
GBPJPY is approaching its ascending support line at 144.98 (61.8% Fibonacci extension, 76.4% & 78.6% Fibonacci retracement, horizontal swing low support) where price could potentially bounce off from, to its resistance at 146.60 (61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its corresponding ascending support line where we a similar bounce could occur.
Chart 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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