Estimated pips are the pips that would have been gained by trading ideally along the published scenario.
| Currency pair | Total pips | Posts | Average pips |
|---|---|---|---|
| GBP/JPY | +486.0 PIPS | 16 | 30.4 PIPS |
| USD/JPY | +517.0 PIPS | 16 | 32.3 PIPS |
| Total | +1,003.0 PIPS | ||
It's easier to buy than yesterday.I'm watching whether it holds here and rises from higher lows, or breaks below the low.
Not much has changed since yesterday, but compared to yesterday the lows have firmed up, making it easier to buy.It's starting to feel like considering a long from around the current price zone would be reasonable.
In the short term, the situation could be read as a sell, but I'm still thinking long.I'd like to wait for a bounce from around 156.3 (B) or around 156 (C).
There is a 1-hour box inside the 4-hour box.First, I want to watch whether price stops falling at C, the lower edge of the 1-hour box, and buy from there.
It looks like a pullback has formed on the daily chart.From here, I really want to target the pullback on the 15-minute chart.
This morning's rise has given me a bullish bias.I'd like to wait for a pullback and buy, but the pullback at the current level is a bit shallow, so it would be easier to buy if price dropped a little further.
Will the daily chart form a pullback low around this price zone, or will it drop another leg?For now, sellers have the upper hand.
The overall flow is still to the upside, but for day trading it's a situation where you could consider selling.That said, this isn't a market where you hold and it just keeps falling, so think of it as catching the pullback before the next leg up.
I'm looking to sell, but this is a price zone that acts as 4-hour support, so caution is needed.I think it's fine to wait a bit longer and decide once we see whether it goes up or down.
The daily chart and 4-hour chart are rising, but the 1-hour and lower timeframes are falling.Where will the 4-hour pullback bottom out? For now, the candidate is around 210.
