GBPJPY - WEEK 14 ANALYSES
Monthly bias - short:
Rejection from the monthly sell zone + liquidity run above previous high.
Weekly bias - short:
Previous weekly candle closed as a bearish pin bar.
Week 14 analyses:
I expect a dip towards 159.9 - 159.6 area in the beginning of the week.
After that a move up towards 162.5 area where GJ can fill 50% of the weekly pin bar wick. Here GJ will reject the 0.618 fibonacci and move further towards the downside: 157.4 - 157.1 area.
Rejection from the monthly sell zone + liquidity run above previous high.
Weekly bias - short:
Previous weekly candle closed as a bearish pin bar.
Week 14 analyses:
I expect a dip towards 159.9 - 159.6 area in the beginning of the week.
After that a move up towards 162.5 area where GJ can fill 50% of the weekly pin bar wick. Here GJ will reject the 0.618 fibonacci and move further towards the downside: 157.4 - 157.1 area.
Note
Looks like we're heading towards our next buy zone!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.