Looking at catch the next leg to the downside on GBPJPY to continue the overall sideways consolidation at this major resistance area. Ill be watching price from now and look for any confirmation around these current levels to take entry's, we are around the 50% retracement so even a little further push up would be ideal.
Just monitoring price around the current support to see if we can get an obvious push back up for a retracement and then ill be looking for those short positions for a continued move down on the higher timeframe.
Looking at catching the pullback move back down to atlest 1.25400, we are still in an overall 4 hr uptrend so make sure if you do enter and go into profit, move those stop losses to breakeven pretty quickly.
Was going to stay out of this but price is showing all the right signs for a move up to atlest to 1.35500. 1% risk as usual and hopefully this can open the winning account for the week.
EURAUD exactly as explained yesterday, unfortunately missed my ideal position but I'm still looking at entering longs if the old resistance can hold as a new support around the top of that zone for a quick move up.