hi all,
if u guys ask me, i think GJ is struggling to breach 23.6 fibo on my weakly chart. we haven't had any 50% retracement at all since october last year. if we get a clear break of the 23.6 level by the end of this week (three days from now) the target should be 38.2% (~211.xx). right now the price is close to that point, which is also 200sma on my h4 chart. it's a pretty tough resistance point (lost of trendlines too), and as i said, if breached, welcome back bulls!
here's a weekly chart.
on the other side, Cable is showing me a double bottom on my chart, and i guess the target should be the ~2.0100, but we won't be seeing that before a tiny retracement downwards, 200sma is also blocking this sucker. but don't worry, i'm 70% positive we're up for a strong bullish rally both on cable and guppy.
if u guys ask me, i think GJ is struggling to breach 23.6 fibo on my weakly chart. we haven't had any 50% retracement at all since october last year. if we get a clear break of the 23.6 level by the end of this week (three days from now) the target should be 38.2% (~211.xx). right now the price is close to that point, which is also 200sma on my h4 chart. it's a pretty tough resistance point (lost of trendlines too), and as i said, if breached, welcome back bulls!
here's a weekly chart.
on the other side, Cable is showing me a double bottom on my chart, and i guess the target should be the ~2.0100, but we won't be seeing that before a tiny retracement downwards, 200sma is also blocking this sucker. but don't worry, i'm 70% positive we're up for a strong bullish rally both on cable and guppy.
