5hr link:
30m link:
👁 OUTLOOK
FOREX: GBPJPY
5hr: So looking at the 5hr we are clearly bullish, it is looking really extended tho (extended just means far from the emas) From my personal experience, price will most likely come back to 1 of the emas. That could be the 10, 50 or 200I would personally wait towards the middle of the week maybe on Tuesday onwards to look for longs once it shows you it wants to continue bullish.
30m: Same goes with the 30m, we are clearly bullish but really overextended and far from the emas. You have to also take in consideration that its barely Sunday market open. We wanna see a nice pullback into 1 of the emas before looking for longs.. We do not want to get caught on the high of the week before the drop.
Bias: Bullish but wanna see a pullback into the emas then look for a sign of strength to look to take it long.
👁 OUTLOOK
FOREX: GBPJPY
5hr: So looking at the 5hr we are clearly bullish, it is looking really extended tho (extended just means far from the emas) From my personal experience, price will most likely come back to 1 of the emas. That could be the 10, 50 or 200I would personally wait towards the middle of the week maybe on Tuesday onwards to look for longs once it shows you it wants to continue bullish.
30m: Same goes with the 30m, we are clearly bullish but really overextended and far from the emas. You have to also take in consideration that its barely Sunday market open. We wanna see a nice pullback into 1 of the emas before looking for longs.. We do not want to get caught on the high of the week before the drop.
Bias: Bullish but wanna see a pullback into the emas then look for a sign of strength to look to take it long.