GPJPY Bearish BAT
Looking at a potential Bearish Bat completion @ 161.139.
Price action moving back into structure, AB=CD pattern completion & 1.618 Fib extension of AB w/in AB=CD pattern.
RSI divergance / overbought (RSI +70) probable.
Given the bank holidays, there may be some potential volatility to be concerned about. Upcoming news from JPY unlikely to move markets. I expect the structural zone to hold until Yellen speaks and/or the Non Farrm #'s.
Price action moving back into structure, AB=CD pattern completion & 1.618 Fib extension of AB w/in AB=CD pattern.
RSI divergance / overbought (RSI +70) probable.
Given the bank holidays, there may be some potential volatility to be concerned about. Upcoming news from JPY unlikely to move markets. I expect the structural zone to hold until Yellen speaks and/or the Non Farrm #'s.
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