GBJPY is testing its resistance, potential for a reversal!
Price is testing its resistance at 150.600 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where a reversal may happen, pushing price down to its support at 149.681 (61.8% Fibonacci extension, 61.8% Fibonacci extension, 50% Fibonacci retracement, 38.2% Fibonacci retracement, horizontal overlap support). We have also identified another resistance at 150.927 (50% Fibonacci retracement, horizontal overlap resistance).
Stochastic (89, 5, 3) is at resistance at 97.8% where a corresponding reaction could occur.
Stochastic (89, 5, 3) is at resistance at 97.8% where a corresponding reaction 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.