OK, Maryna, you were right.  Let’s dump the Beast!!  😉


This pair is already dropped from Daily & Weekly Cloud.   No reason to be Bull for a while.


Let’s sell this pair.

The current level seems to be very interesting.  Stochastic is already in the down cycle, and the price seems to be blocked by DPP.



On M15 chart, I see Bearish Divergence on Stochastic.  Thus it may make sense to short from Fib50% or 61.8%.



We should simply check either M5 or M1 chart for reversal pattern.


The target?   176.00 ish?  (Prev low on Weekly chart)

Again Maryna, your target makes sense!!  Good call.


YJ Baik – Forex.Today @ Tokyo







2 thoughts on “GBPJPY Trade Setup (Dec 23)”

  1. adamp says:

    Great analysis as always YJ, I think this pair has significant downside potential too. Merry Christmas

    1. YJ Baik - Forex.Today says:

      Merry Christmas, Adamp !

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