GBPJPY approaching support, potential bounce!
GBPJPY is approaching our first support level at 140.68 (horizontal overlap support, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 143.18 (horizontal swing high resistance, 61.8% Fibonacci retracement).
Stochastic (55,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (55,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Penafian
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