GBPJPY Leaving Supply, GBPUSD Leaving Demand

CADJPY - Short

CJ is currently approaching a supply level formed back in 2008 and there has been a strong approach so far. I'll be watching to see if there's a reaction this week. There's not as much profit potential on this one but it might still present a decent drop.

A35 image 1 CJ Short D1 A35 image 2 CJ Short D1

GBPJPY - Short

GJ has hit a supply level and has already dropped away. I'm still waiting for the break of 181.09 before considering shorts however. This level has been holding up price for some time now. Profit potential looks good below so we'll see.

A35 image 3 GJ Short D1 A35 image 4 GJ Short D1


Price has already bounced from demand and profit potential looks decent. If I see the right PA on the lower time frames then I'll take a long.

A35 image 5 GU Long D1 A35 image 6 GU Long D1


Detailed Analysis

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