GBPJPY 4H FALLING FLAG

4. März 2022

GJ is currently in a falling channel(falling flag). Price as gotten to a mid psychological area where price has refused to break and it has finally retested that area and is beginning to show sign of trend reversal at 151.500 area. The 8 SMA is starting to cross over on the 1H time frame. RSI IS over sold on the 4H time frame. RSI is also showing a regular bullish divergence on the 4H. Price should retrace back to 154.000 before the 4H falling channel(falling flag) breakout, or before "it's bearish continuation". 152.000 TP1, 153.000 TP2, 154.000 TP3, 151.250 SL.