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DLavrov

GBPJPY Bearish Divergence

Short
British Pound / Japanese Yen (FX:GBPJPY)  
DLavrov  
FX:GBPJPY   British Pound / Japanese Yen
GBPJPY GBP jpy
30
2
gbpjpy gbp jpy
Price and RSI formed bearish divergence. It's a signal that up trend is over and we have to close all long trades with profit. At the same time we can open short trades with entry level below 144 with profit target near the support level 141.50. DMI confirms range market conditions and allows short trades.
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