GBPJPY Testing Resistance, Prepare For Reversal
GBPJPY is testing its resistance where we could potentially to see a reversal.
GBPJPY is testing its resistance at 145.61 (61.8%, 100% Fibonacci extension, 38.2% & 76.4% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 142.08 (61.8% Fibonacci extension, horizontal overlap support) could occur.
Stochastic (55, 5, 3) has reversed off its resistance at 97% where a corresponding drop could occur.
GBPJPY is testing its resistance at 145.61 (61.8%, 100% Fibonacci extension, 38.2% & 76.4% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 142.08 (61.8% Fibonacci extension, horizontal overlap support) could occur.
Stochastic (55, 5, 3) has reversed off its resistance at 97% where a corresponding drop could occur.
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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.