GBP/JPY is approaching its resistance, potential reversal!

Price is approaching a key resistance at 145.73 where it could potentially reverse to its support.

Entry : 145.73

Why it's good : horizontal swing high resistance, 61.8% fibonacci retracement, 100% fibonacci extension

Stop Loss : 146.36

Why it's good : 78.6% Fibonacci retracement

Take Profit : 145.01

Why it's good : 38.2% fibonacci retracement, horizontal pullback supportanalytics5cca553ceb2ef.png

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