The index is trading on a 4H Channel Up (RSI = 69.786, MACD = 72.000, Highs/Lows = 56.2642) that has crossed into the overbought zone (STOCH = 95.784, STOCHRSI = 79.387, Williams = -3.343). Since the price is too close to the 11,570 1W Resistance, we will take this opportunity to go short and target the first Support on 1D = 11,300. This is where the 1D Channel Up...
Granted the data may come in better than expected and we see a knee-jerk rally but the overall sentiment remains bearish with Brexit still hogging the headlines.
FX:GBPJPY