GBPJPY Approaching Support, Prepare For A Bounce
GBPUSD is approaching its support at 140.58 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, Horizontal pullback support) where it could potentially bounce to its resistance at 141.44 (100% Fibonacci extension, Horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its support at 5.4% where a corresponding bounce could occur.
Stochastic (89, 5, 3) is approaching its support at 5.4% where a corresponding bounce could occur.
Note
Correction : We had a typo, it is GBPJPY in our description, not GBPUSD. Please take note.
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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.