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NZDJPY Forecast January 16-20

57
This pair is stuck in between two strong area of support and resistance. Will wait for a break of either direction before deciding bias.

This is my forecast for the week ahead. It will be updated everyday during asian session for any changes. Do scroll down to look at the comments for updates.

If my charts are not clear, you can pm me anytime to ask any questions, I am more than willing to help. And if you want to look my my positions, you can click my etoro link from my profile, you will see my trading positions under portfolio.

Nothing is 100% in trading, it is a game of probabilities. Be nimble when trading, never have a strong bias. I can turn from bullish to bearish in a day if price action tells me so.
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Tuesday

Could be turning down, but I want to see that whole support zone taken out before shorting.

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Wednesday

Still waiting for a break of support zone before shorting.

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Thursday

Still waiting for something to happen.

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Friday

A good upmove but the huge resistance area is a cause for concern, better to wait for a break.

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