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GBPJPY approaching resistance, potential drop!

Oleh ICmarkets
Broker
Price is approaching our first resistance at 145.75 (horizontal swing high resistance, 50%, 76.4% Fibonacci retracement, 100% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 143.17 (horizontal swing low support, 100% Fibonacci extension).
RSI (89) is also approaching its resistance and a reaction off this level might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.

Chart PatternsForexforexsignalsforextradingGBPGBPJPYgbpjpylonggbpjpyshortHarmonic 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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