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Monday, 18 July 2016

Technical Analysis of GBPJPY For Your Learning: 18 July 2016, Monday, 11.22am Singapore Time


Technical Analysis of GBPJPY For Your Learning: 
18 July 2016, Monday, 11.22am Singapore Time

Attached above is the GBPJPY Technical Analysis for your learning.
On 12 April 2016, I warned of the shorting going on in GBPJPY as well as the parallel distribution slope orchestrated in the GBPJPY chart. I also illustrated the rounding distribution and the shorting intentions of the market on 12 April 2016 in the GBPJPY. Refer to the previous live analysis as below
I am exiting and taking profits of all the mid-term shorting investment positions on GBPJPY today.
Yes, shorts can also be an investment. If one's mindset is still not out of the box yet, still traditional, old-fashion and overly orthodox, it is time to think out of the box in the modern era.

Above are the profits in (¥) Yen (JPY).
Below are the profits converted into (SD) Singapore Dollar (SGD).


Profits in this mid term trade:
+ S$ 124,477 SGD

Cumulative:
S$ 1,478,622 + S$ 124,477
= + S$ 1,603,099 SGD

Trading Journal:


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