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British Pound / Japanese Yen
Short

GBPJPY Testing Resistance, Potential Reversal

By ICmarkets
Broker
GBPJPY is testing its resistance at 149,00 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support 148.14 (61.8% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
audCADChart PatternsEURGBPGBPJPYHarmonic PatternsjpyNZDTrend AnalysisUSD
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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