GBP/JPY is approaching its support at 144.30 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where price is expected to bounce up to its resistance at 145.93 (38.2% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is testing its support at 2.7% where a corresponding bounce is expected.
GBP/JPY is testing its support where we expect to see a bounce.
Buy above 144.30. Stop loss at 143.18. Take profit at 145.93.
The material has been provided by InstaForex Company – www.instaforex.com
GBP/JPY is approaching its support at 144.30 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where price is expected to bounce up to its resistance at 145.93 (38.2% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is testing its support at 2.7% where a corresponding bounce is expected.
GBP/JPY is testing its support where we expect to see a bounce.
Buy above 144.30. Stop loss at 143.18. Take profit at 145.93.
The material has been provided by InstaForex Company – www.instaforex.com
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