wibrahim

GBPJPY MARK UP 06/09 - Neutral

FX:GBPJPY   British Pound / Japanese Yen
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Today's candle close is a Pin Bar at 38.2 and price has tested H4 bullish structure .

As long price remains above 141.25 I am expecting the price to retrace towards daily structure on the chart which could form a double top or an LH.

I am neutral / bullish correction bias based on the price action seen on daily and on H4 for Wednesday to begin with ...
In my opinion I see a continuous trend line on Daily which price is pulling away from but cld soon be broken to create a second leg for short but at the moment am long for 50-100 pips am expecting a LH
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WE HAD A SUCCESS SELL RUN ON MONDAY AND TUESDAY AND NOW WE WILL SEE HOW PRICE DEVELOPS BUT ON H4 AND H1 IT IS SHOWING CLEAR SIGNS OF BULLISH CORRECTION
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