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GBPJPY is approaching its support, potential bounce!
GBPJPY is approaching its support at 143.08 (Horizontal overlap support, 78.6% Fibonacci retracement , 100% Fibonacci extension ) where price could bounce above this level to our resistance at 146.20 (horizontal pullback resistance, 100% Fibonacci extension , 50% Fibonacci retracement ).
Stochastic (55,5,3) is also seeing a bullish divergence and is approaching its support where a bounce off this level will see a corresponding rise in price.
Stochastic (55,5,3) is also seeing a bullish divergence and is approaching its support where a bounce off this level will see a corresponding rise in price.
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