Looking at GJ going into the new week I have just marked up and analysed where price could potentially be heading as the market opens later tonight and heading into Monday. This is a simple technical look at what might happen, after the last impulse move to the downside this pair had before the market close on Friday we can see that price had previously broke and H1 supported level and has come to retest that level, price is now showing signs of rejecting that level and a continuation to the previous lower low could occur here. The MAs are currently spread apart and are still indicating downside move. the only thing that will make this call invalid is if the market GAPS at the open and makes the analysis invalid. or fundamentals affect this, but that will need to be looked at.
Remember this is just my outlook on the market and this is never set in stone.
Thanks, trade safe
Remember this is just my outlook on the market and this is never set in stone.
Thanks, trade safe