SHORT trade analysis on GBPJPY.
Graph is looking bearish from upper trendline to lower support area. Price recently started to fall from resistance zone (former lower low) and confirmed it by bigger bearish candle. On chart is seen Hidden Bearish Divergence as well, which confirms price drop. Trade idea is also shown on RSI indicator.
You can also check my last GBPJPY analysis, because it shows downtrend on bigger chart and accords to this analysis.
If you liked this idea or if you have your own opinion about it, feel free to write in the comments.
Graph is looking bearish from upper trendline to lower support area. Price recently started to fall from resistance zone (former lower low) and confirmed it by bigger bearish candle. On chart is seen Hidden Bearish Divergence as well, which confirms price drop. Trade idea is also shown on RSI indicator.
You can also check my last GBPJPY analysis, because it shows downtrend on bigger chart and accords to this analysis.
If you liked this idea or if you have your own opinion about it, feel free to write in the comments.
