GBPJPY Approaching Support, Prepare For A Bounce!
GBPJPY is approaching its ascending support line at 144.98 (61.8% Fibonacci extension, 76.4% & 78.6% Fibonacci retracement, horizontal swing low support) where price could potentially bounce off from, to its resistance at 146.60 (61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its corresponding ascending support line where we a similar bounce could occur.
Stochastic (89, 5, 3) is approaching its corresponding ascending support line where we a similar bounce 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.