GPBJPY approaching resistance, potential drop!

GBPJPY is approaching our first resistance at 146.40 (horizontal overlap resistance, 23.6% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 144.935 (horizontal swing low support, 100% Fibonacci extension, 78.6% Fibonacci retracement).
Stochastic (21,5,3) is also approaching our resistance where a reaction below this level might see a corresponding drop in price.
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Chart PatternsForexforexsignalsforextradingGBPGBPJPYgbpjpylonggbpjpyshortHarmonic PatternsjpyTrend Analysis

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