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saganfx

GBPJPY will fall, let start short

Short
British Pound / Japanese Yen (FX:GBPJPY)  
saganfx  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators GBPJPY gbpjpyshort gbpjpyanalysis forexanalysis marketanalysis tradingsystem tradeidea
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trendanalysis chartpattern indicator gbpjpy gbpjpyshort gbpjpyanalysis forexanalysis marketanalysis tradingsystem tradeidea
Our analysis on GBPJPY:
Price doesn't move strong even after divergence spotted .

Current situation:
1. GBPJPY tested the long trendline and cannot make higher high.
2. GBPJPY leave the long trendline after test it.
3. Stoch indicated divergence before but leave weak impact.

We believe the price have higher possibilities to move short and if the price break out from the support, it will be a strong confirmation.

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GBPJPY short scenario
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