GBPJPY Short (Sell) Trade Setup

This is a short term setup as we've got divergence on the RSI and rejection of a key level. We may drop to the green zones for a potential long entry.

تعليق:

The drop on this pair so far does not confirm it's bearish sentiment. In fact, if we look at it from the opposing side, it's just completed a 0.382 retracement and could be gearing up for the next leg to the upside.

For now, I will continue to hold this short and see how price action develops.

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