GBP/JPY-Daily overview

Hello everyone!

-On a daily chart, we can see that the price reached a strong resistance line(we had plenty of rejections).

-We can see that the price and Stochastic indicator formed a nice bearish hidden divergence and that is a sign that the trend might continue moving in that direction.

-On a weekly base, GBP is a little bit stronger than JPY and on a daily base, GBP is the weakest currency.
If JPY gains more power than GBP then we can expect bearish movement.

-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!

THANKS FOR READING!

-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.

-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.