Le_Halimou

GBPJPY Starting to diverge - Probable bull exhaustion

Short
Le_Halimou Updated   
OANDA:GBPJPY   British Pound / Japanese Yen
Hi guys,

I've been lurking on this pair for a while, insane volatility !

Anyway, it seems that oscillators are starting to diverge.

It's a bit risky trade because fundamentals on GBP can switch really quick.

Manage your stops and risk, and be patient. We might see another small leg up before a strong and huge drop !
Comment:
Expecting one more leg up
Trade closed manually:
Switching to a bullish bias, no big drop happened so divergence isn't valid.

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.