GJ Undecided & Volatile
Trade in GJ is a risky business this week, Interest Rate Decisions from both JPY & GBP mean this could go either way. Did it break trend in September & is this push purely a retest? Is the 23.6% area as strong as it looks? Fact is, the Ceiling was broken & the floor consequently tested which makes this Bullish. Even though the trend-line was broken before, previous Support was rejected on the same move. Don't be surprised if it traces again to 147 area before pushing up, or keeps tracking upto 152 before getting rejected again.
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