GBPJPY is approaching resistance, potential drop!

GBPJPY is approaching resistance, potential drop!


GBPJPY is approaching our first resistance at 149.59 (horizontal swing high resistance, 100% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 147.07 (horizontal overlap support, 38.2% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
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