FX:GBPJPY   British Pound / Japanese Yen
a Divergence has been signalled on the 10th and the pair seems to be reacting to the signal. The pair is currently in a up trend (H1), but the upper border of the trend Channel are descending and with GBP government bonds 2yr yield also in a bearish position we might see a move to the bearish side. With that said, the anchored weekly VWAP line has flattened and a grey channel has been formed.

Trade suggestion is not to trade the pair until the upper or lower levels of the grey area has been broken with confirmation of such a break out.

Good luck and happy trading

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