http://www.forextrading.tv/ Learn more about Fibonacci retracements and Stochastics through this Educational Technical Analysis Video . Forex trading technical analysis video showing GBPJPY Fibonacci retracements on a 4 hour chart. We brought to your attention yesterday that there was divergence to the downside on GBPJPY which was also located close the 61.8% retracement level taken from the February high of 147.85 to the low of 142.70 which saw price move lower yesterday and into today. Taking the Fibonacci retracement tool from the same low of 142.70 to yesterday's high of 145.86 prints a 38.2% retracement level at the exact same price as the previous 38.2% Fibonacci retracement of 144.67 which signals potential support could be found at this area. Also complimenting this is the fact the Stochastic are oversold signalling selling pressure could dry up or slow down. See more Forex education videos in our Alerts Archive: http://goo.gl/RbhX3 To access these alerts in real time, Sign up for FREE http://www.forextrading.tv/members/signup/
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