JPY was not in control this week as several pairs made their bull run with it this month. I'm looking for bearish moves now to correct the very long bull runs. So this will be a short for a bit.
Even though we have a bullish engulfing on the monthly, I don't think it will get too much larger this week since GJ struggled with a daily SR level at 135.674. So much so, that a bearish harmonic has formed and looks like it will be respected for now. Let's see how far it drops this week:
BEAR TPS: after pullback.
BULL TPS:
Even though we have a bullish engulfing on the monthly, I don't think it will get too much larger this week since GJ struggled with a daily SR level at 135.674. So much so, that a bearish harmonic has formed and looks like it will be respected for now. Let's see how far it drops this week:
BEAR TPS: after pullback.
- 133.850
- 132.192
- 130.790
BULL TPS:
- 135.240
- 135.909
- 136.503
- 137.127