Potential Correction on JPYSGD?

Looking at the trend pattern, there's a potential that the price will go up to the Wave 5 which might signal that there's a potential that the trend is approaching its end and could result in a correction or a reversal.
Looking at the daily chart, we see the price rally beyond the 0.0129 resistance zone but clearly gets rejected which signals that the bulls are having a hard time pushing the price up.
Moreover, both the stochastic and the rsi are currently at the overbought zone which give confluence to our analysis.