AN Breaks Demand UJ Reaches Supply

AUDNZD – Short

AN has broken the daily demand level identified previously and there are clear green candles below indicating a smooth path should price continue to fall. I’ll be watching for entry from the lower time frames as there already some potential supply levels to short from.

2014-12-07 AN Short D1

 GBPJPY – Short

After a few weeks of rallying strong, GJ has formed another demand level on the daily chart. If price drops back down with clear red candles then I’ll be looking for longs.

2014-12-07 GJ Long D1

USDJPY – Short

UJ has also been rallying very strong over the past few months and has now reached another daily supply level which is also a significant turning point on the monthly chart. Time will tell whether or not it will hold. I’ll be watching for engulfs on the lower time frames.

2014-12-07 UJ Short D1


Detailed Analysis

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