Limit reselling pound jpy in 150 and possibly 149. Both figures cozy by 4 hour 20 SMA; maintaining the higher sell in spite of the negative swap. The pair begins its annual down after April till year's end, December.
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Limit reselling pound jpy in 150 and possibly 149. Both figures cozy by 4 hour 20 SMA; maintaining the higher sell in spite of the negative swap. The pair begins its annual down after April till year's end, December.
The 1.81750 area on the GBPAUD will attract my attention to get a market trading chance if price action gets there. It is in confluence using a resistance zone on the daily time frame and also the 38.2 Fib retracement of the most recent downward swing on the daily time frame.
I may be incorrect. Trade safe and prosper.
KP
Originally Posted by ;
Price action is now entering the 1.81750 region and if a bearish rejection candlestick is printed on the H4 time frame, which will get me interested in a market trade. It's very likely to be a flip of the zone and a retest of the broken previous channel assistance of the horizontal channel/area of consolidation which was place for quite a while on the daily time period.
KP
Originally Posted by ;
See attached D1 chart; area of previous flat consolidation is obligated by magenta horizontal lines.
KP
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Originally Posted by ;