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GBPJPY bounced nicely off its support, potential to rise!

Por ICmarkets
Broker
GBPJPY bounced nicely off its support at 148.901 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its 1st resistance at 149.857 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance). If it surpasses this level, it could rise to its 2nd resistance at 150.582 (100% Fibonacci extension, horizontal swing high resistance). We have also identified another support at 148.458 (78.6% Fibonacci retracement).

Stochastic (89, 5, 3) made a corresponding bounce off its support at 6.15% where it has a lot of upside potential.
Bitcoin (Cryptocurrency)Chart PatternsForexforexsignalsGBPGBPJPYgbpjpylongHarmonic PatternsjpyTrend 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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