GBPJPY approaching resistance, potential drop!

١٣ يونيو ٢٠١٨

GBPJPY is approaching our first resistance at 148.20 (horizontal overlap resistance, 50%, 76.4% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 146.25 (horizontal swing low support, 38.2% Fibonacci retracement, 100% Fibonacci extension).
Stochastic (55,3) is also approaching our major resistance and a reaction off this level might see a corresponding drop in price.
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