GBPJPY April 23-Analysis pt 2

Price made new lows. Testing Daily S&R level (Support and Resistance). MFI on all time frames is ovebought and showing bullish divergence on multiple time frames. 30 min candle made an engulfing bullish variation signaling early signs of reversal to upside. Bollinger bands are also squeezing (which means a breakout will occur). Price is at bottom of bollinger bands as well making confluence for trade. Possible very bottom for a big move back to daily/weekly highs. (possible swing setup)