Consistent patterns playing out. Perfect 4H rejection at the previous resistance. My target is the current 4H support and i will update you from there. Good luck!
[b ]Whats Up Traders!
I just got done analyzing GJ for the week. I think a strong upsurge to 140 is definitely possible. Due to the fact we didn't completely fill the gap, and we're creating significant higher lows. Obviously there are more confluences, but those are the top 2 for me. Price has recently broke under a 1HR key level, and we're currently waiting...
GBP/JPY shorts into 136.600, on the daily I see a shooting star with the wick driving into 140.300 before closing lower. If we close like this on the daily I'll keep this short bias.
Goodmorning Traders!
GJ has picked up bearish momentum momentarily, GJ is in a structure where price is consolidating, if price doesn't go to the bottom of this structure before anything else, price is going up, no doubt! As of now I expect price to reach the bottom of the structure which dips back into 137.500-ish. I set a pretty tight stop loss to cut out big...
My Trading is very simple. no indicators or crazy theories. Just market structure, I'm looking for GJ to continue its short rally, also i will be looking for a heavy pullback, because of this strong bearish rally.
Happy Thanksgiving to you all,
GJ has reached a peak at 139.850, and started consolidating. I'm expecting price to fall to the 138.000 area within the next few hours, possibly London session. There can possibly be a small pull back to the box of the consolidation zone before the fall, but we will see once the time comes, goodluck!
Good day traders!
GJ has broken it's short term support around 137.500 and the price is currently retesting the broken support area which has become resistance for this pair now. Adding short positions from here and targeting around the range of 136.300 - 135.200 before continuing long positions to follow it's main trend.
Have a great trading week ahead guys!
