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gbpjpy

GBPJPY approaching support, potential rise!
GBPJPY approaching support, potential rise!

GBJPY is approaching our first support at 147.90 (horizontal overlap support, 100% Fibonacci extension, 76.4% Fibonacci retracement, Elliot wave structure) which coincides with...

GBPJPY reacted off resistance, further potential drop!
GBPJPY reacted off resistance, further potential drop!

GBPJPY reacted off our first resistance at 150.0 (horizontal swing high resistance, 100% Fibonacci extension). A strong reaction might occur pushing price down to our major support at...

GBPJPY reacted off resistance, potential drop!
GBPJPY reacted off resistance, potential drop!

GBPJPY reacted off its first resistance level at 149.71 (78.6% Fibonacci retracement, horizontal swing high resistance, 61.8% Fibonacci extension). A strong reaction might occur...

GBPJPY reversed nicely off its resistance, potential drop!
GBPJPY reversed nicely off its resistance, potential drop!

GBPJPY reversed nicely off its resistance at 149.372 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop to...