GBPJPY Supply Still Holding

We’ve been watching GJ for a little while now and the supply with the large gap in particular. There was large move out that level again last week so we’ll continue to monitor for signs of further action.

GBPJPY – Short

So price hit daily supply and reversed again. I’d like to see it break the recent pivot low before shorting as it’s just made a higher high into the supply so more supply is being absorbed. This is the only pair at or near SD on the daily still so it’s the waiting game for the other pairs.

2015-08-09 GJ Short D1

Check out the video below which looks at where the other pairs are at the moment.

Video

Detailed Analysis

Members can login to the forum for the detailed analysis which looks at the lower time frame levels we are watching to confirm entries. The detailed video analysis is here. We also analyse the markets for short term trades throughout the week. If you do not have access to this premium content then you can find out how to sign up here.

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