ICmarkets

GBPJPY Bounced Off Support, Potential For A Further Rise!

Long
FX:GBPJPY   Livre sterling / Yen japonais
GBPJPY bounced nicely off its support at (76.4% & 50% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 143.71 (38.2% Fibonacci retracement, horizontal overlap resistance).
Stochastic (89, 5, 3) is bounced off its support at 2.7% where a corresponding rise could occur.

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