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EUR/GBP Approaching Resistance, Prepare For Reversal

EUR/GBP is approaching its resistance at 0.9071 (100% Fibonacci extension, 61.8% Fibonacci retexpected.racement, horizontal swing high resistance) where it is expected to reverse down to its support at 0.8992 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support). Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected. EUR/GBP is approaching its resistance where we expect to see a reversal. Sell below 0.9071. Stop loss at 0.9102. Take profit at 0.8992.
by Jeff Wecker
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USD/JPY Reversed Off Resistance, Prepare For Further Drop

USD/JPY reversed off its resistance at 111.46 (100% Fibonacci extension, 76.4% & 50% Fibonacci retracement, horizontal overlap resistance) where it is expected to drop further to its support at 110.09 (61.8% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) reversed off its resistance at 97% where a corresponding drop is expected. USD/JPY reversed off its resistance where we expect to see a further drop. Sell below 111.46. Stop loss at 112.44. Take profit at 110.09.
by Jeff Wecker