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FX.co ★ GBP/JPY is approaching its resistance, potential reversal!

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Forex Analysis:::2019-05-02T02:26:51

GBP/JPY is approaching its resistance, potential reversal!

Price is approaching a key resistance at 145.73 where it could potentially reverse to its support.

Entry : 145.73

Why it's good : horizontal swing high resistance, 61.8% fibonacci retracement, 100% fibonacci extension

Stop Loss : 146.36

Why it's good : 78.6% Fibonacci retracement

Take Profit : 145.01

Why it's good : 38.2% fibonacci retracement, horizontal pullback supportGBP/JPY is approaching its resistance, potential reversal!

Analyst InstaForex
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