The currency pair is trading in the range of the upper limit of the descending price channel. The ascending H1 level pattern is truncated. Awesome Oscillator shows a Bearish divergence, while Stochastic Oscillator signals an overbought condition.
GBPJPY rate online: trade the GBPJPY currency pair.
Trading idea:
Sell on the formation of a downward wave pattern, where wave (A) breaks through the inclined channel of the ascending H1 level pattern.
Stop Loss for the local maximum of the H1 level construction (139.62).
Target levels - 138.29; 137.00.
Featured expert at Grand Capital - Evgeny Boguraev.