Get started
ChrisLaw1

#GBPJPY: Bearish Setup

Short
British Pound / Japanese Yen (OANDA:GBPJPY)  
ChrisLaw1  
OANDA:GBPJPY   British Pound / Japanese Yen
Trend Analysis Technical Indicators
13
2
trendanalysis indicator
Price has reached a resistance zone which also
Goes in line with the falling resistance trendline

As you can see, the RSI indicator on the 4H timeframe is
Also overbought
Which makes me bearish biased

I believe a bearish movement would happen
After a rejection on the resistance zone
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.