Monday, May 13, 2013

GBPJPY Price Action: Closing Price Reversal Price Action Setup, May 13, 2013

The Geppy ends with a Closing Price Reversal Price Action Setup: An indication that the pair is in the running for some bearish rotations, possibly into the supports zone. Price Action Buy Setups should be sort on its approach into the Support or at its key support as shown above, if this setup plays out. 

My recommendation: Wait for price to move into support zone and seek for Bullish Price Action Setups. 

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