peterbokma

GBPJPY-SELL weekly chart

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FX:GBPJPY   英鎊 / 日圓
The pair shows a clear negative divergence, as one can observe comparing price movement vs. RSI. This suggest we will see lower levels over time, and I feel we amy see 185.50 again in the medium-term.

Strategy SELL @ 191.50-192.00 and place SL above 193.25 and a profit order @ 186.25.

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