Post-FOMC Update: GBPJPY - It Fell Again!

FX:GBPJPY   British Pound / Japanese Yen
688 10 19
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!

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!

If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I can know my post was helpful to you. As always, any CONSTRUCTIVE comments are welcome whether AGREE or DISAGREE.
+1 Reply
ahmedfx EverythingForex
its Gann analyse i don't know why most tradeur say the somthing WTF don't know Gann or what?
Apologies. Didn't mean to offend. But no, I don't know Gann. Too complicated. Simple is better, IMO.
PooyaSalehipour EverythingForex
you are the best
Thanks. But that's too high praise for me! There's a lot of great traders here!
Great analysis.. what is your view as it has fallen to 154.205 will thr be any reversal or free fall
Thanks. See my latest post I just posted.
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