GBP/JPY Puts in a Near-term Double Top

Double top after rally: In the span of a little more than 2 sessions, the GBP/JPY rallied from 140.35 to 151.76 (more than 1000 pips!). After this surge, it appears to have lost a little steam, reflected by a bearish divergence with the RSI. Price was stalling in the 4/8 European and now US session…

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GBP/JPY Puts in a Near-term Double Top

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