GBPJPY approaching resistance, potential drop!
Price is approaching our first resistance at 146.12 (horizontal overlap resistance, 50% Fibonacci retracement, 100% Fibonacci extension) where price might drop to our major support at 144.61 (horizontal swing low support).
Stochastic (55,5,3) is also seeing a bearish divergence and is approaching its resistance and a reaction off this level might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (55,5,3) is also seeing a bearish divergence and is approaching its resistance and a reaction off this level might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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