GBPJPY reached our support target! Potential for further drop!
GBPJPY plummeted perfectly and reached our major support level. We can see that it has broken major support-turned-resistance at 147.09 (Fibonacci retracement, horizontal overlap resistance, bearish ichimoku cloud) and a further drop could occur pushing prices all the way down to major support at 145.10 (Fibonacci extension, horizontal swing low support).
RSI (55) sees pullback resistance at 44% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (55) sees pullback resistance at 44% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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