GBPJPY Approaching Support, Prepare For A Bounce!
GBPJPY is approaching its ascending support line at 144.98 (61.8% Fibonacci extension, 76.4% & 78.6% Fibonacci retracement, horizontal swing low support) where price could potentially bounce off from, to its resistance at 146.60 (61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its corresponding ascending support line where we a similar bounce could occur.
Stochastic (89, 5, 3) is approaching its corresponding ascending support line where we a similar bounce could occur.
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