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.
Komen:
Looks like we're heading towards our next buy zone!