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GBPJPY Approaching Support, Potential Bounce

Oleh ICmarkets
Broker
GBPJPY is approaching its support at 142.53 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 146.23 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance). Stochastic (89, 5, 3) is approaching its support at 1.7% where a corresponding bounce could occur.
audCADChart PatternschfEURGBPGBPJPYjpyNZDTrend AnalysisWave 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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