Nice touch of 4.382 and channel bottom, 4 days ahead of predicted in previous plan. Could be seeing a relief rally here, but will be wanting to see a break above the 123.038-123.143 area for longs to play. JXY sitting above monthly Fibonacci R3, will it close the gap and fall further or hold here? EXY also showing bullish signs, similar inverse H&S pattern and holding 10.382-10.618 area/Fibonacci S1 on the H4 chart, the impulse originating from lower high on 09/Jan/19.
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Inverse H&S visible
JXY at a confluence of resistances, it could help this pairs' case.
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Bearish momentum slowing down right at this area of support. Lets see if it holds and gives a bullish signal.
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Area was broken, watching now for action on S3
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Looks like it could have broken monthly S3 and found resistance on the pullback