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GCGoldenCircle
Mar 26, 2024 3:28 PM

Above 190 a buy  Long

British Pound/Japanese YenFXCM

Description

191 taken over again opened the larger view of 195_196_197 .

We can expect liquidity to be grabbed if not stable above 190.94/191.

Entry 191.288_191.35/500
Sl 30LSE:BUT I wont do that its just a important level188/187.2

I see it going higher on take profit from most buyers unless news will.be the thee main driver of the trend reversal since 140

Trade active

Price will be validated with a close above 191'680/191.440

Comment

191 must hold bullish price

Comment

Targets hit now since we ranging again 190.48/192.43 is support calls for caution but @ 193/193.7 buyers seem to cause bears to stop clawing to the downside. 196 intial mn entry which is in draw down due to news and taking of profits plus pressure from candlesticks formAtion fir bear's and mva 50 below market structure. Wick shows level of importance and interest . Lets buy in stages until we find right RATIOS to risk up to 205/220 as short term target if usdjpy moves high so shall this follow

Trade active

194/193.3-500 entries pair can retrace so look out for that just in case for the better entry

Comment

Take profit's
1. 195.918-196 low
2. 197 medium
High meaning might take weeks if months in a huge range 192 should up keep price if not bears will pressure the MN reversal it seems to be with usdjpy.

3.200/203 205
5 out of your mind
228

To Deep now he's desperate addicted to the rush holding money to the public
280.00

All time high
400.09😂😂🤔💴💸

🏌685.20
Usdjpy prediction 740🙋🐢🚀. If The asian countries can pull the rabbit out the hat with deals they have been doing getting people on thier side playing the nice guy hand in things kind of stuff

Comment

if the Yen doesn't do anything about its old policy will still have an impact on it as they need to look everything over. They don't do nothing about it and allow the dollar to do a comeback of the decade we'd see an interesting to see how they tackle interest rates, inflation etc

Again more buying in the gbp will boost it in normal terms and an seller liquidated will push price to.highs it hasnt seen since the 1940/2000

Yen needs to get a plan because after every intervention it just pops up. No sellers on top and cant hold for year on years might fail in a few weeks to months

No buying yen means it will waken against gbp with any news that's negative just intensifies.
Selling of old positions might just make it go high after every attempt to push it down was to take most profit loss of gains.

Comment

400pips up I expected a retrace to 198/197.56 but buying support came at 198.09 where sell zones are 199.29 top. New high but not previous day only break above 200 may open 201_209/229

Trade active

199.91 opened

Long term swing if you cant hold its bad
199.5 sl which is large
I'll trail sl 199.22/546
209 weekly target
First 200./200.170/.200.7/.201.3

Mn target 229/230/240

Meaning usdjpy or jpy's in general will follow in correlation

Comment

Bulls have been trapped below 200 below 199.57-54 will indicate a shift into a correction phase 198./198.909
Comments
hamidreza_FX
yes it is
GCGoldenCircle
@hamidreza_FX, keeps working
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