CJ setup not any different than my GJ analysis, price gave firm rejection on hourly timeframes most probably gaining momentum to rally to the up side. If we can make it to tp1 resistance and firmly break above we should see another move to tp2 grab liquidity and make another wave down to test weekly LOW.
GJ smashed down to daily support giving us a 300 pip SHORT, we may see price make a wave up to 164.40 ZONE to retest resistance and come back down to test daily lows.
GBP JPY.... last nights fed speech helped GJ create the double top on the daily, bearish momentum broke support structures creating right shoulder with resistance rejection helping price trade below 50EMA as confluence to the downside. we could see GJ at 163.500 going into next week.
what do you guys think? ive been trading for 3 months and have passed a funding...
