Sharp Drops On The Yens

Hey Traders, I hope you’ve all enjoyed your Christmas and New Years celebrations. I certainly did. I didn’t do much trading over the holiday period but I’m keen to get back onto it now so we’ll start off with a few of the levels for this upcoming week.

AUDJPY – Long/Short

We’ve got daily supply up ahead on AJ and price is currently at weekly demand. We have currently seen an uptrend on the AJ so be mindful of that whilst observing PA around the level.

2016-01-03 AJ Long D1

EURJPY – Long/Short

EJ still hasn’t gotten down to the demand level we had marked up though we did see last week end with a momo candle. We are at a weekly flip zone where price rallied from early so whilst we can look for shorts, we should do so with caution and confirmation as usual.

2016-01-03 EJ Long D1

GBPJPY – Long/Short

The demand level we had marked up engulfed so looking at the daily we could be clear for a short down past it. It’s worth noting that we’re around weekly demand so once again we need to monitor PA carefully so we can have a better idea about which direction to trade in. Price will show the way.

2016-01-03 GJ Short D1

GBPUSD – Short

GU has engulfed daily demand and the path below is clear so we could have potential shorts on this week. See below:

2016-01-03 GU Short D1

Video

Detailed Analysis

Premium members can login to the forum for the detailed analysis which looks at the lower time frame levels we are watching to confirm entries, and the other setups we have for this coming week. This weeks detailed video analysis is here. If you do not have access to the premium content then you can find out how to sign up here.

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