GBPJPY approaching resistance, potential drop!

1 ביוני 2018

GBPJPY is approaching our first resistance at 145.32 (horizontal overlap resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where price might potentially drop to our first support at 144.18 (horizontal swing low support, 61.8% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price should it react off this level.