Last time I wrote about GBPUSD.
The pair has since went up over 300 pips.
It is currently forming a minor uptrend, so it would be interesting to follow up and see where this pair will take us.
For now, I am neutral, but GBPUSD looks more bullish than bearish.
USDJPY Trading Analysis 10.01.2022
USDJPY looks like it is beginning to top out.
There is a major supply zone at around 115.500.
There is an inverted pin bar that formed on the weekly chart.
The daily is showing us a slowing sign, as well.
There are three black crows, which is a bearish candlestick pattern.
Combined with the failed breakout at a major supply zone, this bodes well for the short-sellers.
When the market opens, I will be looking for a potential short entry.
Before that, I would ideally like to see a 4H bullish rejection, as well.
Until that happens, I will be patiently waiting!
P.S. Have you checked my recent article on Swing Trading Indicators?