Our analysis on GBPJPY:
Price move short after double top pattern formed and divergence on Stoch.
Current situation:
1. GBPJPY rebound from support area and cannot make Lower low before the market close.
2. GBPJPY leave the long trendline.
3. Stoch become narrow indicate a possibility of new equilibrium.
We believe the price have higher possibilities to move short however we will wait and give the update once we sight a new movement.
Price move short after double top pattern formed and divergence on Stoch.
Current situation:
1. GBPJPY rebound from support area and cannot make Lower low before the market close.
2. GBPJPY leave the long trendline.
3. Stoch become narrow indicate a possibility of new equilibrium.
We believe the price have higher possibilities to move short however we will wait and give the update once we sight a new movement.
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