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 material has been provided by InstaForex Company -
www.instaforex.com