GBPJPY Approaching Resistance, Potential Reversal!
GBPJPY is approaching its resistance at 138.53 (100% Fibonacci extension, 61.8% & 38.2% Fibonacci retracement, horizontal overlap resistance) where it is could reverse down to its support at 137.05 (76.4% Fibonacci retracement, horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 93% where a corresponding reversal is expected.
Stochastic (89, 5, 3) is approaching its resistance at 93% where a corresponding reversal is expected.
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