GBP/JPY Trading Analysis (11/10/2023)

The trend is descending. The upward wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state.
 

Trading idea:

Sell at the formation of the downward wave structure, when the A wave breaches the sloping channel of the uptrend truncated structure.

Stop-Loss: over the local maximum of the ascending structure.

Target price levels: 181.26, 179.62.

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