Another crazy day today with all pairs moving right up and then right down and then doing it one more time. No clear trend emerging so towards the fag end of the day, with the bad US news, the bears seem to have taken over.
Attached is the 1H chart of GJ which shows how the price was tight ranging today with a double hourly high at 6/8 MM level and the low close to 0/8 MM level. As can be seen, there is strong support at 146.88 which should serve as good support atleast until London session tomorrow. Any dip towards that, we could take longs. Nice trading for myself and people who take my signals as we took a long in dips to 147.8 and rode them till around 148.8. We did this twice today which was good for close to 200 pips.
We did not take the ride down as i still dont think that the bullish trend has changed. Now, i am just staying aside on this.
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