It looks like the short term bearish trend on the GBP/JPY currency pair is going to continue south. In order to take opportunity of this situation, I've just placed a short trade on the currency pair after identifying a hidden RSI bearish divergence(which is usually a trend continuation trade setup) with a risk to reward ratio of 1:2.
GBPJPY
GBPJPY
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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.