GBPJPY facing bullish pressure | 17th June 2021

GBPJPY facing bullish pressure | 17th June 2021 for FX:GBPJPY by FXCM

GBPJPY facing bullish pressure | 17th June 2021



GBPJPY is facing bullish pressure as it holds above the ascending trendline support and Stochastics has also bounced from the support where price has reacted in the past. We could see a further rise towards Take Profit level, in line with 78.6% Fibonacci extension and horizontal swing high resistance, above Buy Entry level, in line with 78.6% Fibonacci retracement and 78.6% Fibonacci extension .

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