GD_futures

EURJPY Weekly Outlook 6/5/22

FX:EURJPY   Euro / Japanese Yen
HTF:
Very bullish on the monthly chart, we have a very clear intention of going up on the 4th to last candle with a long tail taking stops. Price can retrace all the way here to the origin before continuing up to the yellow monthly supply, we shall see.

MTF:
Not a lot going on here. There's the break of the recent high, we'll look for a base to form above the origin of the break to continue higher. There are however, unfilled orders below in blue which need to be taken. In any case, low scale for the time being is probably best bet.

LTF:
Would love to see what's left of current price, but not enough data that far back. For now, we got some low scale demands below that would be great for continuing price upwards, but really have to use lower scale PA to tell. For now alerts on to tell me when price gets to these demands or higher into supply.

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