EG Falls As GJ Moves Higher

So AJ has continued to rally, as did GJ. Both are still on the radar as are a few others I've been watching intently.

AUDJPY - Short

AJ is edging closer to the supply level we were looking at last week. I'll be watching the reaction although price has been there before. If there's no confirmation that will be no trade in any case.


EURGBP - Short

We took a short on EG last month in the members area, and only exit recently. It's coming up to daily demand now and if that get's engulfed, we could be getting back in. There will either be a bounce or engulf. We'll which one we get and the opportunities that follow.

We were short from way up here: 2016-10-18-eg-short-d1

This weeks' chart is below:



So after the GJ engulf of supply, the pair still looks bullish as it continued to rally last week. The next supply level is a good way off so we could definitely have a runner.


GBPUSD - Long/Short

GU hit the daily supply we looked at a few weeks ago and after an initial reversal, price has rallied right back to it. Once again, we have a key level here. Potential longs above on an engulf, or another reversal could send it lower.



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