GBPJPY - Outlook Remains Bleak
This does not look good for the bulls in GBPJPY: H12 shows a pronounced hidden bearish divergence in the OBV. Despite considerable price losses, the currency pair is unable to reduce this divergence. This suggests that prices will continue to fall. We have drawn two potential take profits in the chart, which could represent entry points for GBPJPY in the coming days and weeks.
Trade active
We have gone very, very far on the first day. As GBPJPY is known as weird pair, I recommend to move SL to Break Even.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.