GBPJPY | Potential bearish

FX:GBPJPY   British Pound / Japanese Yen
On the long term, I believe the pair should go higher, that if 150 is broken. However on the short term, I'm seeing a possible bearish movement.
  • The price is respecting the TL

  • Divergence on the RSI

    Won't be putting any sell on this pair yet, since I favor bullish movement. In the meantime I'll see how the price react. If it goes according to plan, once the bearish found its ground I'll be looking for perfect buying opportunity.
Comment: It was a good choice not to place any sell position. The price surge up and break 150 level. Since this is an important level, will be watching price action around this area and look for possible continuation or reversal for retracement.
Comment: The pair has created a new high in the previous uptrend channel. Will be watching 149.5 level closely for support


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