The formation Harami challenges to the upward trend of the GBP/JPY

The pattern harami seen on the daily chart of the GBP/JPY inidca a change in the trend from bullish to neutral.

Prices defied the band’s bullish second standard deviation higher than 21 periods to record levels out of it these last two days. The bearish pattern also occurs in the context of the stochastic parameterized 14,3,3 about 80. The oscillator could react easily to any close future close to the minimum, especially after the opening and the closing of yesterday formed a line doji in the chart.

The ADX of 1 hour was below 30 during the quote today.

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