We are going short GBPJPY at 190.11 targeting 181 utilizing 20% of capital with a stop at 193.15.
Negative triple momentum divergence suggests the rally in GBPJPY is running out of steam. At the same time, the set-ups on GBPUSD and USDJPY support GBPJPY heading lower.
A continuation of global Equity weakness, which appears likely, should be a further negative for JPY crosses.
The post Citibank Techs recommend GBP/JPY short appeared first on www.forextell.com.