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British Pound / Japanese Yen
Short

GBPJPY Approaching Resistance, Potential Reversal

By ICmarkets
Broker
GBPJPY is approaching its resistance at 144.72(100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 143.36 (horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 91% where a corresponding reversal could occur.
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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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