EURJPY Forecast January 23-27

22 ม.ค. 2017

I want to see a test of support or break of resistance to be bullish.

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.

If my charts are not clear, you can pm me anytime to ask any questions, I am more than willing to help. And if you want to look at my positions, you can click my etoro link from my profile, you will see my trading positions under portfolio.

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.

23 ม.ค. 2017

บันทึก

Tuesday

The fall was very deep, wait for a test of resistance before deciding short bias.

24 ม.ค. 2017

บันทึก

Wednesday

Prices climbed back above resistance, so this is very tricky. I prefer to wait for a break of either SR before deciding.

25 ม.ค. 2017

บันทึก

Thursday

Like for most JPY pairs, price is possibly making a triangle, wait for the next big move, it will come, but be patient.

26 ม.ค. 2017

บันทึก

Friday

Price should consolidate with a small downwards bias today while the triangle forms before the next big move next week.

30 ม.ค. 2017

บันทึก

Monday Jan 30

Trend has changed up, look for initial move to reach 124.60