Friday update
EUR CAD overshooting and trading well above 5460 levels, it's time to admit that I got it wrong this time, EUR CAD never been my speciality, just thought that the R/R was good on this trade. I had 2 losses approx 120 pips each trading it this week.
GBP JPY update
I want to post monthly zones for this pair. You use monthly zones in conjunction with weekly to fine tune reversal areas.
Monthly balance point is 208.60. Now, GBP JPY is trading below monthly and weekly balance point, and is trading in BUY2 monthly / BUY2 weekly. Id say this is enough data to go LONG at current levels and set SL at 203.00, but lets wait for the week close to position LONG on GBP JPY. Targets on LONGs 206.20 207.40.
Will keep weekly zones for new week after todays close.