FX.co ★ GBP/JPY Approaching Resistance, Prepare For A Reversal

GBP/JPY is approaching its resistance at 146.11(100% & 61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback resistance) where it is expected to reverse down to its support at 144.85 (61.8% Fibonacci retracement, horizontal pullback support).

Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected.

GBP/JPY is approaching its resistance where we expect to see a reversal.

Sell below 146.11. Stop loss 146.88. Take profit at 144.85.