The yen yielded some positive results in the past weeks, looking ahead, waiting for the GDP release in a few hours, we'll be closely looking at how it will perform this week, with 2 areas of interest, a break and retest will be ideal to trigger an edge for a short term within the 50 and the 61% monthly fib zone channel range, till a break on either side, let's see...
Forex is 10% trading and 90% waiting, patience is key, especially as a naked trader, price is our friend, interested on how the GBPJPY will behave now, it'll depend on how we approach that zone, fundamentals might confirm and add to the confluence. MY NAME IS ZAYN CAPITAL, you don't know me yet
This week is looking interesting, after our monthly major news, really interested on how price will act this week, i'm overall bullish, but we can see the AUDJPY forming some decent pips to the downside, might jump into that, till the setup i'm comfortable with forms
On the daily, the EURAUD continues to create HH and HL, creating patterns within patterns on the lower timeframe, so we'll be looking for the market to counter trade a few pips to the highlighted zone before looking for further bullish movements, now we wait. what do you think??