Yens Fall From Supply

GU broke out of the range south last week and headed much lower sending some of the other Sterling pairs with it. We've seen some moves on the yen pairs too which I'm going to mention below:

AUDJPY - Short

AJ came back to supply and has already made a move away. There could potentially be room to fall a bit more so I'll be watching out for that.

2016-10-08-aj-short-d1

CADJPY - Short

Price has fallen hard from daily supply on CJ too so this is another one to watch for a continued move south.

2016-10-08-cj-short-d1

GBPUSD - Short

After breaking out the range, price has created a supply level on the daily which is worth watching for a reaction on return. I'll need to see how price returns to the level before considering any entries.

2016-10-08-gu-short-d1

USDJPY - Short

Price has hit daily supply and there are series of only green candles coming into the level. Price has already made a move and I'll be watching to see if this continues.

2016-10-08-uj-short-d1

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