Jan. 21st – GBPJPY

RSI in the 6hr chart shows a divergence and prices made a new low. The RSI found support slightly below the 30. It is possible that v is not yet in place. If prices continue going higher 192.980 is critical resistance for
Micro ((2)) of v. If they penetrate this level, the blue rectangle would be a target to send prices down again.This would also mean that black v is in place. Also notice the negative reversal in RSI.
Sarah