Tendorian
Short

GBPJPY Forecast January 9-13

FX:GBPJPY   Britisches Pfund / Japanischer Yen
142 2 3
Short bias, will be selling at those 144.70 and 145.40 resistance to break the 142.16 support. Once broken a big down move is expected.

This is my forecast for the week ahead. It will be updated everyday during asian session for any changes. Do scroll down to look at the comments for updates.

Just because price has reached my area of interest does not mean I will open a position unless I specifically mentioned I would open a position there. I would normally watch the price action before deciding.

Nothing is 100% in trading, it is a game of probabilities. Be nimble when trading, never have a strong bias. I can turn from bullish to bearish in a day if price action tells me so.
Kommentar: Support was broken, wait for a pullback to short all the way down to 132.20 where any meaningful support exist.

Kommentar: Wednesday

Still waiting for the pullback to short.

Kommentar: Thursday

Still waiting for a pullback. No pullback no trade. However I realise I was missing this support zone at 138.50 where first TP would be.
Kommentar:
Kommentar: Friday

Does not look like market wants to give us that pullback to short. But we shall be patient and wait it out.

time and price analysis?
Antworten
Tendorian DeathYen
@DeathYen, Depending on how price moves, if it goes up there on Monday/Tuesday i will definitely sell, after that not so sure. Do check back as I would update this chart everyday if there are any changes.
Antworten
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