GBPJPY may drop further to its 1st support!
GBPJPY tested its resistance at 149.372 (100% Fibonacci extension , 38.2% Fibonacci retracement , horizontal swing high resistance) where it has the potential to drop it its 1st support at 146.167 (L T 61.8% Fibonacci retracement , 76.4% Fibonacci retracement ). We have also identified another resistance at 150.938 (61.8% Fibonacci extension , 50% Fibonacci retracement , horizontal swing high resistance). A short term ascending support turned resistance has also been identified.
Stochastic (89, 5, 3) shows how it reversed off its resistance at 97.89% where it still has a lot of downside potential.
Stochastic (89, 5, 3) shows how it reversed off its resistance at 97.89% where it still has a lot of downside potential.
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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.