GBPJPY reached our support target! Potential for further drop!

24 พ.ค. 2018

GBPJPY plummeted perfectly and reached our major support level. We can see that it has broken major support-turned-resistance at 147.09 (Fibonacci retracement, horizontal overlap resistance, bearish ichimoku cloud) and a further drop could occur pushing prices all the way down to major support at 145.10 (Fibonacci extension, horizontal swing low support).
RSI (55) sees pullback resistance at 44% where a corresponding reaction could occur.

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