JPY pairs Weekly Outlook and Trade Setups

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A
@asuquokelvin - 5 hours ago
Quoted - nsg_usd

Alright.
Most of them are consolidating at the moment, but I'm looking at trading their low volatility within those ranges.

That's good but at times trading low volatility is not really good because if you are wrong you won't know on time untill it's late

N
@nsg_usd - 5 hours ago
Quoted - nsg_usd

GBPJPY Trade Update
The buys I was expecting on GBPJPY last week finally occurred after the unnecessary drama it put up.
I'm following up on GBPJPY for buys again this week. I'm expecting it to fill up the bearish imbalance on 4hr.

GBPJPY-Trade Setup
Type-Long
Entry: 212.15
SL: 211.50

I spotted a 15mins tweezer bottom at the break and retest of the flip zone at 212.09 and I executed.
I'll hold and see if there's need to swing or to take profit when the current 4hr closes.

N
@nsg_usd - 5 hours ago
Quoted - asuquokelvin

It means GBP is stronger than the yen for now, but the market is pricing on risk off environment

Yeah. GBP is stronger than yen at the moment.
GBP in General has gained strength since last week, I'm just hoping the strength is sustained throughout this week as well.

Still holding my GBPJPY positions possibly till the week is over if need be. But if I see strong reversal signals today, I'll cover my positions.

N
@nsg_usd - 4 hours ago
Quoted - godspowerdan

The bias is very correct

Yeah. Let's see how it goes. Hoping to recover my losses I incurred today with the buys.

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