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26.11.202012:08 Forex Analysis & Reviews: GBPJPY to reverse from downside confirmation, potential drop!

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GBPYJPY is expected to reverse from its downside confirmation at 139.667, which is in line with our 23.6% Fibonacci retracement, where it could potentially drop further to 139.005 which is our take profit level in line with our 50% retracement. It is worth noting that the Stochastic indicator is pulling back from the resistance level at 94.01.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Dean Leo,
Analytical expert
InstaForex Group © 2007-2021
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