British Pound / Japanese YenUpdated GBPJPY - Possible short setup.
We have Bearish Cypher Pattern and it already gave us a good risk to reward entry because cypher pattern is based on 78.6 fib level. Price action looks I would say pretty okay.
- Bearish Cypher Pattern.
- Stochastic overbought and looking to cross down.
- Divergence on 1H.
- Bearish Cypher Pattern.
- Stochastic overbought and looking to cross down.
- Divergence on 1H.
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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.