Technician

GBPJPY: Looks ready for a selloff

Short
Technician Updated   
FX:GBPJPY   British Pound / Japanese Yen
58
Going short GBPJPY :

  • Shooting star on the daily chart
  • 200-DAYS SMA acting as a resistance
  • Long-legged doji at the 200-days average
  • 61.8 retracement level
  • 1.27 extension level for AB wave
  • Multiple bearish divergence on RSI
  • Minor double top formation

Targets and stop outlined on chart

The countdown has started.. Check out The Forex Channel all-new coming soon page with a countdown timer to launch date, visit and subscribe at thefxchannel.com
My Best Regards
Technician
Trade closed: stop reached:
Stopped out, yet it was a good trade.
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.