Long opportunity GBPJPY

17 באוג׳ 2020

The GBPJPY is still in an uptrend on the 4Hr timeframe. Falling Flag formation (a sign of trend continuation). Retracement to be appearing on the .618 Fib and a potential double bottom seems to be forming at the level (137.8). RSI extremely oversold with RSI divergence currently forming.

Any thoughts here? Thanks.