We were looking for EJ and GU to fall last week and that's exactly what happened. We made some nice pips on the down moves and there could be more to go yet. If you missed the outlook from last week then you can find it here.
EURJPY - Short
The previous demand level we looked at did end up being a swap zone and there was a nice short entry which we looked at in the members area. You can see here below:
There is still room for price to fall so if you missed the trade last week there could be another chance this week. See below:
USDCHF - Short
Price continued a rally started in June last week and it's getting closer to supply. I'll be watching to see if it arrives this week and what reaction we might get.