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.
Ichimoku cloud is showing signs of bearish pressure which contributes to our bearish bias.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results