Daily GJ Technical Analysis

chart h1 - 6 am Malaysia

A doji followed by a long bearish candle indicate a possible downward move. I went short at 139.92 with the target projection at 138.20 (fibo 50% level of yesterday hi-lo).

Currently, already +18. As usual, I will move my stop-loss to +1 once the profit reach +30.

UPDATE:
8.45 am - crazy bull :))
          stopped out at +1
          will stay out until London open

chart h4 - 6.20 pm Malaysia
Price had closed above yesterday high. A rising three method pattern had also formed at H4 chart, which usually a high reliable trend continuation signal.
I went long at 138.04 with a profit-taking target at 140.44. Stop-loss is at 136.84 (120 pips risk).

UPDATE:
8.00 pm  - decided to cut loss at -70
           as a bearish candle had appeared at h1 chart...
           done for the day...
           net profit: 20 pips :))
11.30 pm - could not resist myself :">
           reentered buy position as price breaks 138.00 again
2.00 am  - price hit my target projection 140.44 [-o<
           LESSON OF THE DAY : stick to your plan B-)  

chart h1 - 7 am Malaysia
The immediate trend has turned bullish as the previous resistance zone at 134.00 has been broken. The beast moved 460 pips to hit yesterday high at 137.55. Now I am expecting the price to go down to 50% fibonacci retracement (135.21) before next direction could be determined.

I went short at 136.97 due to the engulfing bearish candle with a stop-loss at 137.75 (20 pips above yesterday high). Will move the stop-loss to +1 if the profit hit +30.

Let see whether Tokyo market agrees with my expectation or not... :-B

UPDATE:
8.30 am - already +30
          moved stop-loss to +1
          now I am safe #:-S
3.30 pm - price could only go down to 135.44
          a potential of 146 pips gain
          decided to take profit at +90 [-o<

chart h4 - 10 am Malaysia
as expected, 134.00 remained a tough resistance
a bearish harami candle might signify that the bears are trying to take over
based on prior price action at the smaller time-frames, i went short at 133.91 with an initial stop-loss placed at 134.50
now already +90 and SL moved to +10 [-o<

UPDATE:
7.00 pm - was away from chart
          the beast went up to 135.70
          my position was stopped out at +20
          will stay out from market for the rest of the day 

Welcome back, guys...
let's get back to the business..
to be frank, I do not like what I see on the chart...
the beast moved erratically in a low volume market during the year-end holiday...

let's take a look on the daily chart...
price moved within two converging trendlines, forming a falling wedge pattern...
price made a new low (129.82) on Dec 30th...
however, price bounced up and rose above the upper trendline on Jan 2nd...

in a normal day, I would have declared that the downtrend has ended...
however, the bulls still need to break 139-140 resistance zone to win the battle....
furthermore, the fundamental outlook is still dovish at the moment...

meanwhile, my current bias is neutral and will take a trade at a time... B-)