GBPJYP to go down after a strong bullish move?
D1
As expected, price has completed the 3-drives pattern and is now testing the 145.50 price zone.
Price has formed 5-0 pattern, with D leg right at the support zone.
H4
RSI at oversold, and Divergence can be seen wherein price made lowerlows and RSI higherhighs.
If support is broken, I expect price to drop and test the next support level at 143.60.
As expected, price has completed the 3-drives pattern and is now testing the 145.50 price zone.
Price has formed 5-0 pattern, with D leg right at the support zone.
H4
RSI at oversold, and Divergence can be seen wherein price made lowerlows and RSI higherhighs.
If support is broken, I expect price to drop and test the next support level at 143.60.
