Tenkan san shows the market is ranging. At the same time, Kijun Sen is falling to meet the price which signals a lessening in momentum. The wicks under the past two daily candles further supports that idea as well as the RVI.
Due to the oversold conditions on the there is a likely chance we'll see the price fall.
A potential bounce from previous psychological support or the .236 fib level could cause an upside break of the which could bring about a fib extension to the .382 levels.
If the channel fails to break to the topside, our next levels of support are, 711, 694, and 672.