I am starting this thread so that I can post my weekly analysis of GBPJPY. I am going to utilize my analysis for creating up my prejudice for the subsequent week. Please feel free to comment on my analysis. I guess having a different standpoint will only be better.
There is not a thing that prevents this by having another weekly. I am already short with this pair. At least the next few days are expected to be down days. Then it might be in for a retracement. It's difficult to stay in the pair and maintain paying swap. This is also likely to be a plogical test for me personally. Whether I am in a position to hold on to the during retracements. I've already riden this after to loss before turing back to profit.
This pair went out of whack last week due to this worldwide turmoil. Even though it had an up week, it closed as a pin bar on Friday indiing that in the initial area of the week we are going to see some downward motion. But it is going to be intriguing to see how this pair shuts this week.
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