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

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My Best Regards
Technician

Trade geschlossen: Stop wurde erreicht:

Stopped out, yet it was a good trade.