Here's my mid-week outlook on GJ. Last 2 days price has been in a short range and I expect a big move tonight during London session heading into US open. Bunch of medium and high impact news lined up as well. I expect price to aim below to 137.50 and if it breaks below that it will reach down for the 78% FIB tapping 136.80 (institutional round number).

If price holds at 137.50 and begins to push up heading into US open, we'll have a green day of BUY setups with our longterm target sitting at 141.75.
If price heads down to 136.80, that's a great BUY entry for me! I'll ride that BUY train back up to 141.75!

Good luck traders!!
priceactionTrend Analysis

Also on:

Disclaimer