Salty

Neutral, but not for so long, good intraday opportunity.

FX:GBPJPY   British Pound / Japanese Yen
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On short-term view, a short but bigger correction may happen. Given that Stochastics gives us controversial data, bullish stochastic divergence on H4 and Bearish divergence on DAILY chart may signal a last correction upward before heading back to next 38,2 fib support at 184.20.

According to fundamentals, since Bank of Japan augmented its QE program, the notion of a continuously weaking yen is the mainstream sentiment. However as BoJ is trying to reach 2% inflation target, lower JPY National CPI may generate a temporarly stronger yen on short-term price movement.

I suggest placing short orders at 184.80 with 184.20 as target.
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