GBP/JPY is approaching resistance at 146.02 (50%, 61.8% Fibonacci retracement, horizontal overlap resistance) where we expect price to drop to its support at 141.83 (50% Fibonacci retracement, horizontal pullback support).
Stochastic (21, 5, 3) is approaching resistance.
GBP/JPY is approaching its resistance where we expect to see a reversal.
Sell below 146.02. Stop loss 148.39. Take profit at 141.83
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.