Demand on the Yens

This week is Christmas week and I will be spending it with my family. I always have my mobile with me so I can always have a little check if the forex app I use alerts me. I’m just watching a few [pairs this week and they are both on the yen.

EURJPY – Long

We’ve had a big drop in price on EJ and price is heading towards to demand. I should point out that price has seen a little rejection from within a weekly momo candle so that could prevent price from falling down into the demand we’ve been watching.

2015-12-20 EJ Long D1

GBPJPY – Long

GJ is also on the way down but unlike EJ it’s not hitting a green weekly momo. There’s still room for price to fall so we’ll see what happens.

2015-12-20 GJ Long D1

Video

Detailed Analysis

Premium members can login to the forum for the detailed analysis which looks at the lower time frame levels we are watching to confirm entries, and the other setups we have for this coming week. This weeks detailed video analysis is here. If you do not have access to the premium content then you can find out how to sign up here.

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