UJ is currently supporting this rally (Dow Futures are + 52) - it put in its low at 01:10 EDT, right on its daily M1 and is now closing on its DP at 116.94. Cable spiked around its news time and is now pulling back from its DP at 2.0352.
This has allowed GJ to make a double top on its 5 min at 237.71 - 9 pips under its earlier high - momentum is lower, giving bearish divergence, so as soon as (IF) UJ turns we can expect GJ to fall......
mm....also need to watch Cable....it might bounce of its 5m 200ema at 2.0326
This has allowed GJ to make a double top on its 5 min at 237.71 - 9 pips under its earlier high - momentum is lower, giving bearish divergence, so as soon as (IF) UJ turns we can expect GJ to fall......
mm....also need to watch Cable....it might bounce of its 5m 200ema at 2.0326
Trading Levels with WRBs