Timeframe: 4 hour
Bulls look to be weakening on GBPJPY and could potentially be due for a correction. Bearish divergence can be seen on the stochastic, look for potential shorts to 132.30 area down to the 130.20 area.
Bulls look to be weakening on GBPJPY and could potentially be due for a correction. Bearish divergence can be seen on the stochastic, look for potential shorts to 132.30 area down to the 130.20 area.
Note
I missed the initial impulse down, i'm looking to get in around 134.00Note
On the weekly, bearish movement looks pretty solid 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.