Post-FOMC Update: GBPJPY - It Fell Again!

If you have been following my posts on this pair here, then you know that I told you that this pair was on the brink of falling yet AGAIN! That's along with all the other times I predicted it would. And shortly after I made those predictions, it fell over +700 pips! Did you follow my analysis? I'll confess that I personally only caught a little over half that drop as I banked my pips too soon but I'll never complain about banking pips. You can be assured that my subscribers all got the SELL call for this drop as well as several before this.

So here we are. Post-FOMC. Not much happened during this FOMC as not much was expected. Even before the FOMC, I had already projected that the drop had run its' course and would now need to retrace. And that is what I am expecting. But be warned....you have NOT seen the last of the "FALL"....

There was a COMPLETED Bat but prices dropped and even went below the X point of that bat BUT did not close below it. So that bat is still tradeable and relevant. Prices are so far being held up by the MAJOR SR structure below it. Will need to watch and see that it holds for a retrace to occur.

When it is ready to roll again, I'll be sure to warn my subscribers so they and I can pocket even more pips!

*DISCLAIMER:
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

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