GBPJPY dropping nicely from resistance, potentially more bearish

GBPJPY is testing major resistance at 149.86 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push prices all the way down to major support at 147.14 (Fibonacci extension, horizontal swing low support).
Stochastic (55,5,3) is seeing major resistance below 94% where a corresponding reaction could occur.
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Chart PatternsGBPJPYgbpjpyanalysisgbpjpybuygbpjpydailygbpjpyforecastgbpjpylonggbpjpy_outlookgbpjpypredictiongbpjpyshortHarmonic PatternsTrend Analysis

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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