GBPJPY Been waiting a few weeks for the current uptrend to show signs of fatigue. Two very important MAs for this pair have crossed confirming that the top has been found IMO.
Price has now tested MA20 as resistance below the MA50 Setup for Short order will be after current 4H closes bearish.
SL set to top of previous 4H candle 145.746 + Spread TP when price passes back above MA20 and holds above
Linked to this idea is also a similar potential set up for USDJPY over the new few days.
Nota
10:00 (GMT) - Short 145.213 4H candle closed Bearish Entry setup is complete
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