EJ Hits Supply, GU Heads To Demand

Both EJ and GU are showing signs of potential reversals so these are the main focus this week when looking for daily levels.

EURJPY - Short

EJ has rallied to daily supply so a reversal is possible. There was a strong push up into the zone so we would just need price action to confirm a trade. That's what I'll be looking for.

2017-03-12 EJ Short D1 Standard

 

GBPUSD - Long

GU is heading down to demand where price left in a strong fashion back in January earlier this year. It's worth looking for a reaction so I've got this one on the list too.

2017-03-GU Long D1

 

 

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