GBPJPY Reversed Off Resistance, Potential Drop!
GBPJPY reversed off its resistance at 148.455 (61.8% & 100% Fibonacci extension, horizontal swing high resistance) where it is could drop further to its support at 146.78 (50% Fibonacci retracement, horizontal swing low support).
Stochastic (89, 5, 3) reversed off near its resistance. A bearish divergence with price has also been identified.
Stochastic (89, 5, 3) reversed off near its resistance. A bearish divergence with price has also been identified.
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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.