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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.