If the weekly demand indicated holds, we can see this pair reach the previous highs as a minimum. We could also expect a break for a higher timeframe higher high to be printed.
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Next supply zone should be more significant as it is a daily supply nested within a weekly supply zone.
Expecting this pair to continue the higher time trend.
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EURJPY is approaching daily demand zone (blue). Price has been selling heavy which might indicate the demand zone might not be respected.
personally looking for price to come towards the 119.5/119.2 as it's a better bargain area to buy.
Cadjpy has reached a minor supply zone . Looking like price is slowing down after the bullish candle however, It hasn't slowed down enough for me to actually say that this supply zone will hold due to the bullish candle.
However, price has two areas of supply so if the recent one breaks than I can look towards the next supply zone and map out entries for future...
gbp jpy consolidated after rallying from daily demand, however price rallied up from there an created new demand zone. Waiting on price to consolidate at the current demand zone so I can enter on the rally.
gbp usd has broken and retested the demand zone, banks/institutions have longed this from previous daily demand (green) and have no takene profit which is coincidentally consolidating around minor demand zone.
These sequences happen over and over and over again. Typical rally base rally move. Expect big bullish candles to occur.