Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

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Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

GBP/JPY Approaching Support, Prepare For A Bounce!

August 4, 2018 Analytics

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GBP/JPY is approaching its support at 144.72 (100%, 100% & 61.8% Fibonacci extension, 76.4% Fibonacci retracement x2, horizontal overlap support) where it is expected to bounce up to its resistance at 146.95 (50% Fibonacci retracement, horizontal overlap resistance).

Stochastic (55, 5, 3) is approaching its support at 4.8% where a corresponding bounce is expected.

GBP/JPY is approaching its support where we expect to see a bounce.

Buy above 144.72. Stop loss 143.72. Take profit at 146.95.

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The material has been provided by InstaForex Company – www.instaforex.com

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