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justatrader

GBPJPY - Divergence all the way. Time for a pullback

Short
British Pound / Japanese Yen (FX:GBPJPY)  
justatrader  
FX:GBPJPY   British Pound / Japanese Yen
Divergence Stochastic Oscillator
2
0
divergence stochastic
H8/H12 time frame shows a hidden bearish divergence as price hits the 135 - 136 level where resistance is being established. A near term pullback to 130 is very much a possibility. Book partial profits at 132 followed by 130. Invalidated on a 'close' above 136.15
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