Feb. 13th – GBPJPY

The lower boundary of the Linear Regression Channel – as assumed – worked as support. Looking into the daily RSI 5, higher prices wouldn’t be a surprise. Let’s observe how price interacts with the middle line of the channel.
If you take a look into RSI 14 you will notice that it is still within a bullish range. Invalidation point for all of my three one-two-counts (see black, orange and green) is at 194.783.
Sarah