GBPJPY: Looks ready for a selloff

Going short GBPJPY :

• Shooting star on the daily chart
  
• 200-DAYS SMA acting as a resistance
  
• Long-legged doji at the 200-days average
  
• 61.8 retracement level
  
• 1.27 extension level for AB wave
  
• Multiple bearish divergence on RSI
  
• Minor double top formation
  

Targets and stop outlined on chart

The countdown has started.. Check out The Forex Channel all-new coming soon page with a countdown timer to launch date, visit and subscribe at thefxchannel.com
My Best Regards
Technician

Сделка закрыта: достигнута стоп-лосс цена:

Stopped out, yet it was a good trade.