GBPJPY testing resistance, potential drop!
GBPJPY is testing its resistance at 146.10 (horizontal overlap resistance, descending channel resistance) where it could potentially fall to its support at 144.95 (78.6% Fibonacci retracement).
Ichimoku cloud is showing signs of bearish pressure which contributes to our bearish bias.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Ichimoku cloud is showing signs of bearish pressure which contributes to our bearish bias.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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