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Richie242

GJ July H4 Analysis - Potential Bearish Setup

Short
British Pound / Japanese Yen (OANDA:GBPJPY)  
Richie242  
OANDA:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators gbjpyanalysis
3
0
trendanalysis chartpattern indicator gbjpyanalysis
GJ is in an overall downtrend however it broke out of bearish market flow. Price is on a minor uptrend but is starting to slow down in momentum. RSI is currently showing H4 bearish divergence so we can expect a potential double top as an extra confluence to take sells this week. If the market breaks and retests the previous high, sell bias would be invalidated.
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