Here is the weekly analysis for this week. Last week was an interesting week so I will add a weekly wrap-up for it a little later.
We only have a few support + resistance scalp lines on GBP/JPY this week but more are likely to form during the week. The great thing is GBP/JPY is heading back up into more familiar territory. This means trading will likely get a whole lot better. The further up it moves the closer it will get to areas with well established support + resistance. This should make trading GBP/JPY much more predictable and bring us back to an 80% hit rate. So the higher Pound/Yen moves the better it is for NickB method traders!
Anyway enough rambling…. here is the analysis:
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