GBPjpy
It may seem obvious to many that this scenario might play out...buying the LO of the range and selling the top. Although, this time, I interpret the recent action to show that we will make NEW HI's towards 150....even if we still see a bump downward from 149.xx to perhaps 147, before a continued climb.
I will be buying 144.50 area and taking off at 149. Capturing the meat of the proposed movement I speculate.
If in fact we do get to to the top of the range (149), then 147 would be significant support, that if broken will switch my bias towards NEW LO's. 147 would be an area I would BUY again with low risk.
Regardless, many pips to collect along the way :)
It may seem obvious to many that this scenario might play out...buying the LO of the range and selling the top. Although, this time, I interpret the recent action to show that we will make NEW HI's towards 150....even if we still see a bump downward from 149.xx to perhaps 147, before a continued climb.
I will be buying 144.50 area and taking off at 149. Capturing the meat of the proposed movement I speculate.
If in fact we do get to to the top of the range (149), then 147 would be significant support, that if broken will switch my bias towards NEW LO's. 147 would be an area I would BUY again with low risk.
Regardless, many pips to collect along the way :)