GBPJPY Experiences a Change in Direction in the Market

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GBPJPY Price Analysis – February 4 GBPJPY experiences a change in direction in the market. The market in the daily timeframe has formed a wave-like picture. The market has gyrated from highs to lows and vice versa. On the 4th of November, the Moving Averages period nine and twenty-one crossed to signify a bearish move […]

Traders, Don’t Be Like Mr. Geoffrey!

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“Anyone who has been involved in the markets has been humbled and respects the fact that this is not an easy game no matter how successful we have already been or how much experience we have.” – Charles E. Kirk About four years ago, Mr. Geoffrey (not his real name) came to me and said […]

GBPAUD breaks with continuation pattern

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Key Support: 1.8900 Key Resistance: 1.9000 The GBPAUD has been rallying hard since the lows in September 21st to today highs. This has been a 2.08% move (385 pips) without a deep pullback and in a very structured manner. It has respected all levels on a break-retest basis and creating perfect continuation structures along the […]