EURJPY has been respecting the supply zone it formed on the 1hr tf. My bias for this pair is that I am expecting it to continue with its short term pull back until the 45min/1hr demand zone where depending on how price reacts I will be looking to take on long positions back to the upside. There is also a 15min OrderBlock right below the 45min/1hr demand, however,...
For USDJPY I expect price to either make a slight pump to the upside to where the 5/15min/1hr supply zone is before making a short term pull back. I am more interested in taking on long positions for this pair after making a short term pull back to my market demand zones early next week.
Gj is approaching two key supply zones on the m15tf and m5tf. Looking to see how price reacts to those zones before taking on any short positions. Happy Trading!
