Jor09 Journal

I have decided to start a thread where I'll be posting my charts and sometimes templates for trading. I mainly trade GBPJPY and GBPUSD. And I tend to focus on the big picture , that is medium-long term analysis. I only use Fibonacci retracements, support/resistance and price action. Comments and views, especially divergent ones, are more than welcome since i don't believe there is an edge where learning ends in this business.

Hopefully, I will try to find some time and start posting today.

GU monthly chart suggests that 9213 area at least should be touched.

If the 9200 area is cleared then 38.6% of this 7500 up move could be next at 8304 area.

Viole lines represent major area of support. The significance of these comes from the fact that good trade setups could emerge adjacent to them, even counter- trend ones.

Looking at the smaller picture the fib drown from 2.0697 to 9336 seems to be active and provides good clues in regard of support/resistance.

Daily

Weekly chart suggests at least testing last week's low at 450.
Below this 408, 360, 341 are areas to watch. Howver, 4hr chart has made triple bottoms. This indicates a bullback of some kind. I'll be looking at 605-627 area if we reach there where we have a confluence of resistance plus 38% of the last down move for hint about the next move.