Looking for a selling pressure to come into the market around now. We are reaching a resistance zone and i would like to see price move down. I would enter sells once i see confirmations of rejection and I will add more sells once price breaks the first support and retests it.
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GJ has dropped to the first green zone. Can expect a bit of consolidation/retracement now before we move down again
@aneeees, I'd say about three/four weeks. Maybe more. The JPY interest rate decision on January 18 will be very important though on deciding whether market will come down or break the highs and reach the 164 area!