GBP/JPY
On a daily chart the pair arrived to a strong resistance, around the level of 164.00.
At today’s high, the pair touched the level of 163.87.
On 4 hours chart there is a bearish divergence at the indicators of MACD and RSI, compared to the last move of the pair.
Also, we got a bearish engulfing pattern.
For Forex traders:
Sell between the levels of : 162.75 – 162.00.
Stop loss point : 164.05
Take profit point : 157.15
For Binary options traders:
A put option between the levels of : 162.75 – 162.00.
Expiry time : June 10.
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