GBP/JPY buyers have courageously stood by their man

MACD line in the daily chart of the GBP/JPY has been cut from top to bottom and generates a sell signal.

For the trend follower that means that you are closing Long positions and possibly sales positions open up after the MACD line fell below the zero line. The oscillator was the last Time three weeks ago, below the zero line. This is also the reason why you should give otherwise meaningless event his full attention.

Leave a Reply