GBPJPY will fall, let start short
Our analysis on GBPJPY:
Price doesn't move strong even after divergence spotted .
Current situation:
1. GBPJPY tested the long trendline and cannot make higher high.
2. GBPJPY leave the long trendline after test it.
3. Stoch indicated divergence before but leave weak impact.
We believe the price have higher possibilities to move short and if the price break out from the support, it will be a strong confirmation.
Price doesn't move strong even after divergence spotted .
Current situation:
1. GBPJPY tested the long trendline and cannot make higher high.
2. GBPJPY leave the long trendline after test it.
3. Stoch indicated divergence before but leave weak impact.
We believe the price have higher possibilities to move short and if the price break out from the support, it will be a strong confirmation.
Related publications
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.