GBPJPY facing bullish pressure, potential for further upside
GBPJPY is facing upside pressure from ascending trendline support on the daily and . It is also taking support from the horizontal swing low support which coincides with the 127.2% as well as the 161.8% . It will probably bounce to our 1st resistance which is our horizontal swing high resistance as well as the 61.8% level. If prices fall through, our stop loss will be at 2nd support which is our horizontal swing low support as well as the 78.6% level. is also suggesting that prices are .