GBPJPY approaching support, potential for bounce

29 giu 2021

GBPJPY is appraoching support level in line with horizontal pullback support in line with 61.8% Fibonacci retracement and 161.8% Fibonacci extension. Prices might push up towards horizontal swing high resistance in line with 78.6% Fibonacci retracement and 61.8% Fibonacci extension. If prices push down further, prices might take support from horizontal pullback support in line with 78.6% Fibonacci extension and 78.6% Fibonacci retracement. Stochastics is also appraoching 4.58 level, potential for a bounce.