GBP/JPY - uptrend, price on resistance, mid-term descending movement
Correction to dynamic levels of resistance - EMA25 and horizontal resistance 187.33 , which give us a good places for sell
Negative Pin bar and Engulfing Pattern on levels of resistance 187.33, price below the base of the pin bar, which is a confirming signal for possible decrease and absorbing bar after the pin bar
CCI/50/ is falling below 100, which is a short-term movement. CCI/14/ is falling below 100, which is a short-term negative signal for possible decrease
Sentiment: GBP is stronger than JPY
Correction 50% of the bearish bar is the place which is good for new sell
Stefan D. Angelov - Head of Stocks Trading
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