• GBPJPY approaching resistance, potential drop!

    GBPJPY is approaching our first resistance at 149.73 (horizontal swing high resistance, 61.8% fibonacci retracement, 100%, 61.8% fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 146.12 (Horizontal swing low support, 50% fibonacci retracement, 100% fibonacci extension). Stochastic (34,5,3) is also approaching resistance and we […]

  • GBPJPY approaching resistance, potential drop!

    Price is testing our first resistance at 148.91 (horizontal swing high resistance, 61.8% fibonacci extension, 50% fibonacci retracement, descending channel resistance) where a strong drop might occur pushing price down to our major support at 145.14 (61.8% fibonacci retracement, 61.8% fibonacci extension ). Stochastic (55,5,3) is also approaching resistance where we might see a corresonding […]

  • GBPJPY approaching resistance, potential drop!

    GBJPY is approaching our first resistance at 147.16 (horizontal overlap resistance, 23.6% Fibonacci retracement) and a strong drop might occur pushing price down to our major support at 144.86 (horizontal overlap support, 50% Fibonacci retracement). RSI (55) is also seeing a bearish exit and we might see a corresponding drop in price. Ichimoku cloud is […]

  • GBPJPY approaching resistance, potential drop!

    GBJPY is approaching our first resistance at 147.16 (horizontal overlap resistance, 23.6% Fibonacci retracement) and a strong drop might occur pushing price down to our major support at 144.86 (horizontal overlap support, 50% Fibonacci retracement). RSI (55) is also seeing a bearish exit and we might see a corresponding drop in price. Ichimoku cloud is […]

  • GBPJPY is approaching resistance, potential drop!

    GBPJPY is approaching our first resistance at 149.59 (horizontal swing high resistance, 100% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 147.07 (horizontal overlap support, 38.2% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should […]

  • GBPJPY approaching resistance, potential drop!

    GBPJPY is approaching our first resistance at 149.30(horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 140.80 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (89,5, 3) is also approaching resistance where we might see a corresponding […]

  • GBPJPY approaching resistance, potential drop!

    GBPJPY is approaching our first resistance at 148.39 (long term descending resistance line, 100% Fibonacci extension, 61.8%, 50% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 145.59 (horizontal pullback support, 38.2%, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and a reaction below […]

  • GBPJPY approaching resistance, potential drop!

    GPBJPY is approaching our first resistance at 146.79 (horizontal swing high resistance, bearish channel resistance, 38.2%, 50%, 76.4% Fibonacci retracement, 61.8%, 100% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 142.53 (horizontal swing low support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (55,5,3) is […]

  • GBPJPY approaching resistance, potential drop!

    GBPJPY is approaching our first resistance at 145.45 (horizontal overlap resistance, 61.8% Fibonacci retracement, 100 Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 142.84 (horizontal swing low support, 50% Fibonacci retracement). Stochastics (89,5,3) is also reacting off resistance and a reaction below this level […]

  • GBPJPY approaching resistance, potential drop!

    GBPJPY is approaching our first resistance at 143.30 (horizontal overlap resistance, 38.2%, 23.6% Fibonacci retracement, 61.8% Fibonacci extension, Elliot wave structure) and a strong reaction might occur below this level pushing price down to our major support at 139.48 (horizontal swing low support, 100% Fibonacci extension, Elliot wave structure). Stochastic (89,5,3) is also approaching our […]

  • GBPJPY approaching resistance, potential drop!

    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 […]

  • GBPJPY approaching resistance, potential drop!

    GBPJPY is approaching our first resistance at 143.52 (horizontal pullback resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 138.91 (horizontal swing low support, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bearish pressure in line with our […]

  • GBPJPY approaching support, potential bounce!

    Price is approaching our first support at 144.93 (horizontal swing low support, 78.6% Fibonacci retracement, 100% Fibonacci extension) and a strong bounce might occur below this level pushing price up to our major resistance at 147.81 (horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching our support and a bounce […]

  • GBPJPY testing resistance, potential drop!

    GBPJPY is testing its resistance at 146.10 (horizontal overlap resistance, descending channel resistance) where it could potentially fall to its support at 144.95 (78.6% Fibonacci retracement). Ichimoku cloud is showing signs of bearish pressure which contributes to our bearish bias.. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please […]

  • GBPJPY approaching resistance, potential drop!

    GBPJPY is approaching our first resistance at 148.18 (horizontal overlap resistance, 38.2%, 50% Fibonacci retracement, 61.8%, 100% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 145.56 (horizontal overlap support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching resistance where we might […]