GBPJPY Approaching Resistance, Potential For A Further Drop

GBPJPY is approaching its resistance at 146.04 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback resistance) where it could potentially drop further to its support at 144.84 (61.8% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) reversed off its resistance at 96% where a corresponding drop could occur.
audCADChart PatternsEURGBPGBPJPYHarmonic PatternsjpyNZDTrend AnalysisUSD

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