empty
 
 
03.05.2018 04:46 AM
GBP/JPY Testing Its Support, Prepare For A Bounce

GBP/JPY is testing its support at 148.99 (78.6% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing low support) where we expect to see a bounce, causing the price to rise to its resistance at 150.18 (61.8% Fibonacci extension, horizontal overlap resistance).

Stochastic (89, 5, 3) is testing its support at 1.90% where a corresponding reaction is expected.

Buy above 148.99. Stop loss at 148.40. Take profit at 150.18.

This image is no longer relevant

Dean Leo,
Analytical expert of InstaTrade
© 2007-2025

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.