GBPJPY Reversed Off Resistance, Potential Drop!
GBPJPY reversed off its resistance at 148.455 (61.8% & 100% Fibonacci extension, horizontal swing high resistance) where it is could drop further to its support at 146.78 (50% Fibonacci retracement, horizontal swing low support).
Stochastic (89, 5, 3) reversed off near its resistance. A bearish divergence with price has also been identified.
Stochastic (89, 5, 3) reversed off near its resistance. A bearish divergence with price has also been identified.
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.