Stopped again. Some weeks are just hard. It is psychologically damaging to trade forex thinking that your system is flawless. If that were the case there would be no market. So in the end everybody wins and everybody loses. The goal is not to lose it all. -50 pips.
I truly feel that 127.00 will hold tonight. Technically 127.50 should bring buyers. For this reason I bought GBP/JPY around 127.50 with TP 128.10 - 128.20 and SL 126.94
There was a big bounce from the levels back in September from 127.90 to around 135.00. RSI is in oversold territory on 4 hour and daily charts and trend line support around127.40. Hourly trnd line also comes inaround 127.40.
The shorter time frames are also looking set for a break and based on the the larger factors there should at least be an attempt to rally.
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