Lookout for a potential bounce on weakness!
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GBPJPY bounced nicely off its support at 148.888 (61.8% Fibonacci extension x2, 61.8% Fibonacci retracement) where it could potentially rise to its 1st resistance at 150.485 (51.8% Fibonacci extension, Elliot wave structure, multiple swing high resistance) or to its 2nd resistance at 150.947 (100% Fibonacci extension, horizontal swing high resistance). We have also identified another support at 147.769 (100% Fibonacci extension).
Stochastic (21, 5, 3) bounced nicely off its support at 9.87% where a corresponding rise could occur.
Stochastic (21, 5, 3) bounced nicely off its support at 9.87% where a corresponding rise could occur.
交易結束：目標達成
Nice, GBPJPY reached our 1st resistance!
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