FX.co ★ GBPJPY to reverse from downside confirmation, potential drop!

GBPYJPY is expected to reverse from its downside confirmation at 139.667, which is in line with our 23.6% Fibonacci retracement, where it could potentially drop further to 139.005 which is our take profit level in line with our 50% retracement. It is worth noting that the Stochastic indicator is pulling back from the resistance level at 94.01.