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Tempo_Trades

GBP/JPY - Double Top - Bearish Divergence

Short
British Pound / Japanese Yen (FX:GBPJPY)  
Tempo_Trades  
FX:GBPJPY   British Pound / Japanese Yen
Support and Resistance Double Top or Bottom Technical Indicators GBPJPY gbpjpyshort gbpjpyanalysis gbpjpyforecast gbpjpyidea gbpjpysetup
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supportandresistance doubletoporbottom indicator gbpjpy gbpjpyshort gbpjpyanalysis gbpjpyforecast gbpjpyidea gbpjpysetup
GBP/JPY has formed double top, which is a bearish reversal pattern. Price is likely to break support (neckline) and start a bearish trend. Price is also showing Bearish Divergence on RSI which means there's a possibility of a bearish reversal anytime now! Will be looking to short ONLY if support is broken with stop loss above the double top!
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