delphiguy23

GBPJYP to go down after a strong bullish move?

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OANDA:GBPJPY   英鎊 / 日圓
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.

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