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GBPJPY approaching resistance, potential drop!

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Sterlina / Yen giapponese (FX:GBPJPY)  
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FX:GBPJPY   Sterlina / Yen giapponese
Trend Analysis Chart Patterns Harmonic Patterns gbpjy GBP jpy gbpjpylong gbjpyshort Forex forextrading forexsignals
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trendanalysis chartpattern harmonicpatterns gbpjy gbp jpy gbpjpylong gbjpyshort forex forextrading forexsignals
GBPJPY is approaching our first resistance at 149.30 (horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 140.80 (horizontal swing low support, 50% 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.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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