GBPJPY hit the Daily high of 150.3 and retraced perfectly, managed to get in at the top of the wick. Will now continue to look for positions to close around 149.5!
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Key level is 149.675 so we need to break this to continue lower.
I disagree, GU has made a double bottom & is respecting the 1.38 support. It’s bullish.
Duchess_of_Forex
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@Eleasha Sorry I meant GJ! It seems to be respecting the 149. 750 QP/support.
XAUKilla
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@Eleasha, Hi Eleasha :) thanks for your comment! I think short term we could see a small pull back towards the 149.5-149.3 area before continuing upwards!
StewySongs
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@Eleasha I would strongly suggest zooming out to the higher time frame structure.
XAUKilla
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@StewySongs, I think it has a lot of potential to fall, I am only looking for a short term sell, however if target is reached I will close 90% of my position and leave a runner