GBPJPY Outlook for the week 27th Jan 2014
Daily Chart
We have a clear indication of a bearish sentiment as we have a clear lower highs.
But we have not performed lower lows yet. We are playing into support and the daily candle looks very bearish , So would not be surprised if support is broken, If support is broken, we will be looking for confluence levels with ichimoku clouds (As its a Japanese indicator, it usually respects it on a yen pair)
On the daily chart, I have two scenarios (in different colors)
Hourly Chart
Outlook Trade opportunity
This one as you can see i have no trade setups however all the Blue highlighted levels , we should expect some sort of bounce for a scalp.When i clearly see an opportunity, i will upload on my blog
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