Yen index is approaching monthly support
this could give us a double bottom
last visited this structure point in Jan 2018
if price holds and moves (JPY index) bullish we can look for xxxjpy sells
if price breaks through i'd expect unmitigated monthly demand to be yen's next downward target however this would take a very long time to fill the imbalance
Me personally am seeing this scenario as bullish on the index therefore bearish on GJ
GJ is approaching a strong resistance
previously rejected 3 times proving to be a strong level at 158.000
i anticipate a slight pull back to 156.500 - 156.800 level before possible push up to 158.00 where i would look for bearish PA (possible sell off)
this could give us a double bottom
last visited this structure point in Jan 2018
if price holds and moves (JPY index) bullish we can look for xxxjpy sells
if price breaks through i'd expect unmitigated monthly demand to be yen's next downward target however this would take a very long time to fill the imbalance
Me personally am seeing this scenario as bullish on the index therefore bearish on GJ
GJ is approaching a strong resistance
previously rejected 3 times proving to be a strong level at 158.000
i anticipate a slight pull back to 156.500 - 156.800 level before possible push up to 158.00 where i would look for bearish PA (possible sell off)