Our analysis on GBPJPY:
Price doesn't move strong even after divergence spotted .
Current situation:
1. GBPJPY tested the long trendline and cannot make higher high.
2. GBPJPY leave the long trendline after test it.
3. Stoch indicated divergence before but leave weak impact.
We believe the price have higher possibilities to move short and if the price break out from the support, it will be a strong confirmation.
Price doesn't move strong even after divergence spotted .
Current situation:
1. GBPJPY tested the long trendline and cannot make higher high.
2. GBPJPY leave the long trendline after test it.
3. Stoch indicated divergence before but leave weak impact.
We believe the price have higher possibilities to move short and if the price break out from the support, it will be a strong confirmation.
