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GBPJPY testing major resistance, potential plunge!

Oleh ICmarkets
Broker
GBPJPY is testing major resistance at 149.86 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push prices down to major support at 147.14 (Fibonacci extension, horizontal swing low support).

Stochastic (55,5,3) is seeing major resistance at 94% where a corresponding reaction could occur.
Chart PatternsForexforexsignalsGBPGBPJPYgbpjpylonggbpjpyshortHarmonic 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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