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[QUOTE="hayseed, post: 212121, member: 5898"] //----- i saw me closing a whole herd of gbpjpys this morning and reentering slowly...... with extreme caution.... the weekly ma's are perfect uptrend..... price is well above the rising 50, 100 and 200..... however, with the exception of a few pips it has not made a new weekly high for 5 months..... the weekly ao shows momentum falling.... yen shorts have been on the hot seat for 3 months now.... 1440 shows that weekly uptrend slowing more clearly..... price is below the 50 and 100..... that is also reflected in the daily counts..... within a few weeks the daily 50 might fall below the 100..... the 60 and 240 ma's and ao concur recent uptrend weakening..... still, it's risky to hold short though an upswing....... so i let'em all go shortly after this mornings 60 minute zigzag down leg...... will risk only a small amount shorting the up legs..... if for some reason the usd weakens this week, almost by default the jpy will strengthen..... if the usdjpy falls, others will follow.... if those yen shorts ever start covering, i would not want to be long the gbpjpy...... trying to get out of everything by friday.....h //----- [IMG]https://charts.mql5.com/33/599/gbpjpy-h1-oanda-division1-gbp.png[/IMG] [/QUOTE]
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