Overview
GBPJPY has formed bearish divergence and double top pattern after having a strong bullish rally!
Analysis & Plan
Double top is a bearish reversal pattern which indicates a change of trend from bullish to bearish. Bearish divergence is also an indicator of a weak bullish trend, hence our bias forGBPJPY is currently bearish. We are looking to short break of support (neckline) and enter via a sell stop order!
GBPJPY has formed bearish divergence and double top pattern after having a strong bullish rally!Analysis & Plan
Double top is a bearish reversal pattern which indicates a change of trend from bullish to bearish. Bearish divergence is also an indicator of a weak bullish trend, hence our bias for
GBPJPY is currently bearish. We are looking to short break of support (neckline) and enter via a sell stop order! 
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.
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.