GJ Analysis 05/10/2020
We are trading in a 23 pip range at the moment. There are two options available for us.
1) If we break above resistance and form support on lower timeframes, we can look to take price up to the next resistance around 137.800 as there is clean traffic on the left so we would have a good chance to fill the range.
2) If we break below support and form resistance on lower timeframes, we can look for potential sells, however the ranges are choppy and small, targets for sells are highlighted but buys would be preferred.
1) If we break above resistance and form support on lower timeframes, we can look to take price up to the next resistance around 137.800 as there is clean traffic on the left so we would have a good chance to fill the range.
2) If we break below support and form resistance on lower timeframes, we can look for potential sells, however the ranges are choppy and small, targets for sells are highlighted but buys would be preferred.
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