Gj
GJ moved up 990 pips since wednesday reversal entry at 155.250GJ moved up 990 pips since Wednesday reversal entry at 155.250. We are at a resistance now, and possibly at the 3rd leg, so we could see a further push-up today with news, or have a strong retrace on the 4hr tf. If we go up to the next zone as marked, we could see a reversal or continuation tomorrow during New York session. Be cautious with news, don't be hasty
GJI'm staying clear and far away from any GBP related pairs, due to the statements made by the IMF. I don't really care about moodys (I'm in the research process of them, due to finding out that Berkshire Hathaway actually has a stake in moodys). How the country is reacting to Russia, lizzys death and new leadership is allowing me to watch and wait.
GBPJPY 27/09/2022Price formed a demand zone in between 154.783 to 153.946 & have a HTF resistance key level at 157.972. so price might come down for some pullback to the demand zone or find support at recent low at 155.256 & then continue to push upto the next HTF key level at 157.972.
However a breakout of the demand zone with bearish move would invalidate the possible long opportunity.
SEP FOMC GBPJPY TRADE PLANHello Everyone
This is my GJ Trade plan for this SEP FOMC
1) We can Expect Breakout tonight
FOR BUY
Trade Setup 164 above close
Clean BULLISH BIAS towards
TARGET =165.35
2) FOR SELL
Trade Setup 163 below close
Clean BEARISH BIAS towards
TARGET=162.25
3)Dont stuck your positions in this range
It will be Choppy untill FOMC statements
Wait for clear Breakout!!
🔔GJ UPDATE : bearish trend 🔔 Hello traders, I am looking for an opportunity to follow the bearish trend after breaking the demand zone 162.800, the current wave cannot breach the key level of 163.400, and the rejection indicates the end of the correction at the 0.618 Fibonacci level, I think it is an opportunity to sell.
entry 163.30 risk 1/2.8