GJ Retracement To Market Close *Intra Week Analysis*
Good Evening!
Im thankful & blessed to be able to trade another week. Let's make it exciting!
GJ began the week around price point 138.93, which is 140+ Pips away from market close.
Talk about a huge gap. In my opinion gaps are always easier to catch when it's drastic like that.
Mainly because price mostly retraces to wherever it gapped from.
Price is currently testing a 4HR region, a close below would be 1 awesome confirmation. As soon as markets opened GJ was testing a 50 Moving Average to the upside but it failed to break it. As of right now, GJ has just tested another moving average to the downside. It also has been pushed off of it. I predict a plummet back into 137.50, only if it closes below the current box region its in.
Leave a like if you agree with my Analysis
Leave a comment if you're trading GBPJPY this week
Stay Safe!
-Mr.Pipzz
Im thankful & blessed to be able to trade another week. Let's make it exciting!
GJ began the week around price point 138.93, which is 140+ Pips away from market close.
Talk about a huge gap. In my opinion gaps are always easier to catch when it's drastic like that.
Mainly because price mostly retraces to wherever it gapped from.
Price is currently testing a 4HR region, a close below would be 1 awesome confirmation. As soon as markets opened GJ was testing a 50 Moving Average to the upside but it failed to break it. As of right now, GJ has just tested another moving average to the downside. It also has been pushed off of it. I predict a plummet back into 137.50, only if it closes below the current box region its in.
Leave a like if you agree with my Analysis
Leave a comment if you're trading GBPJPY this week
Stay Safe!
-Mr.Pipzz