GBP/JPY is approaching its resistance at 146.04 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback resistance) where it is expected to drop further to its support at 144.84 (61.8% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) reversed off its resistance at 96% where a corresponding drop is expected.
GBP/JPY approaching its resistance where we expect to see a further drop.
Sell below 146.04. Stop loss at 146.78. Take profit at 144.84.
