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!!
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!!