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.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.