GBP\JPY Flashing Bearish Signs
Currently backing off of previous resistance and stochastics indicating market may be overextended as Asian markets set to open. Japanese CPI numbers beat expectations so I'm being patient here as this could be a false move to the downside from temporary market reaction. Simply watching price action and volume for confirmed continued move to the downside if the technicals hold up, or a strong break of resistance otherwise.
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.