GBP/JPY Is Approaching Resistance, Lookout For A Reversal!

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GBP/JPY is approaching resistance at 146.02 (50%, 61.8% Fibonacci retracement, horizontal overlap resistance) where we expect price to drop to its support at 141.83 (50% Fibonacci retracement, horizontal pullback support).

Stochastic (21, 5, 3) is approaching resistance.

GBP/JPY is approaching its resistance where we expect to see a reversal.

Sell below 146.02. Stop loss 148.39. Take profit at 141.83

The material has been provided by InstaForex Company – www.instaforex.com

Source:: GBP/JPY Is Approaching Resistance, Lookout For A Reversal!

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