GBPJPY approaching resistance, potential drop!

2018년 8월 22일

GBPJPY is approaching our first resistance at 143.39 (horizontal pullback resistance, 23.6%, 38.2% fibonacci retracement, 61.8% fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 139.30 (horizontal swing low support, 100% fibonacci extension, elliot wave structure).
Stochastic (89,5,3) is also approaching resistance and a reaction below this level might see a corresonding drop in price.
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