Doji Candle in GBP/JPY

The upward trend of the GBP/JPY is slowing down, after the one-week chart, a Doji was formed.

The candlestick pattern normally does not change in the short term, the market sentiment from bullish to neutral, but after the RSI moves in the time zone above the 60% mark, there is repentance, the possibility of a trend to leave the overbought zone.

An ADX value above 30, it suggests at least a stable Trend. The response to the Signal, could move the traders to liquidate their Long Position and tighten your Stops.

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