• GBPJPY approaching resistance, potential drop!

    GBPJPY is approaching our first resistance at 140.58 (horizontal pullback resistance, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur pushing price down to our major support at 135.88 (50% Fibonacci retracement). Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries […]

  • GBPJPY approaching support, potential bounce!

    GBPJPY is approaching our first support at 140.18 (horizontal swing low support, 78.6% fibonacci retracement, 100% fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 143.56 (horizontal overlap resistance, 38.2% fibonacci retracement, 61.8% fibonacci extension). Stochastic (34,5,3) is also approaching support where we might see […]

  • 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 […]