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GBPJPY Approaching Support, Prepare For A Bounce

От ICmarkets
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GBPUSD is approaching its support at 140.58 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, Horizontal pullback support) where it could potentially bounce to its resistance at 141.44 (100% Fibonacci extension, Horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its support at 5.4% where a corresponding bounce could occur.
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Correction : We had a typo, it is GBPJPY in our description, not GBPUSD. Please take note.
Chart PatternsForexforexsignalforextradingGBPGBPJPYgbpjpylonggbpjpyshortHarmonic PatternsjpyTrend Analysis
ICmarkets
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