GBPJPY approaching major support, watch for a potential bounce!
GBPJPY is approaching major support at 145.09 (Fibonacci extension, horizontal swing low support, bullish divergence) and a strong bounce could occur at this level to push prices up to major resistance at 147.09 (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance).
Stochastic (55,5,3) is seeing major support above 2.6% where a corresponding bounce could occur. We’re also seeing strong bullish divergence vs price signalling that a bounce could be impending.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (55,5,3) is seeing major support above 2.6% where a corresponding bounce could occur. We’re also seeing strong bullish divergence vs price signalling that a bounce could be impending.
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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