Extremely Overbought, GBPJPY prone Corrected

Based on 4-hour chart, the bias remains bullish especially if price able to consistently break above 185.35 area (Fibo 50.0% of 174.86-195.87). Potentially trigger further bullish momentum testing 186.05 area before targeting the MA-100 at around 187.25.

But we must be aware of the condition of stochastic and RSI are already very overbought. Break back below 184.15 area should be able to trigger a bearish correction scenario towards 183.25 area or even 182.90 area (61.8% Fibo and MA-21).

0 Response to "Extremely Overbought, GBPJPY prone Corrected"

Thanks for give comment.