GBP/JPY: Downtrend, middle-term long, which is correction of the main trend
Correction to levels of horizontal resistance at 147.85 and near FiBo level 38.2
Price action signal: Pin bar at levels of resistance – negative signal
CCI(50) – goes below 100 – possible decrease
DeM goes below 0.7 , after divergence price-indicator – also signal for possible negative movement
We just have too wait 20 pips for better positioning around 145.25
Alternative scenario: If the price goes over the top of the pin bar the negative scenario will be dismissed .
Head_Of_Stocks_Trading Stefan D. Angelov