GJ Bias

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GJ BiasBritish Pound vs Japanese YenPEPPERSTONE:GBPJPYScovaeGJ is in a bullish ranging market meaning we expect price to appreciate but we do not expect a sustained bullish trend due to the threat of intervention. However, we do not expect a bearish trend until they show greater intervention or rake hikes but then not even sure. until GJ breaks out of the overall range, expect a series of highs and lows with breakouts/failed breakouts and interventions back into the range. The breakouts will provide ample opportunity to make bread. Most trades do not know how to trade in proper markets meaning they treat a trend like a range and a range like a tend, me included. Since this is a ranging market, i will trade it like a range. This is my little guide to help dictate what trades i should take in this bullish range, if the environment changes to reversal i will change my behaviors but i will look to take internal sells down to internal breakout buys and then 200 pip range swing continuations. The sells is where i will look for intrnal rotations down and buys will either be internal buys to be open/closed or the breakout buys/swing continuations at breakout highs I do expect more intervention and if it does not break the august low, i will remain bullish range bias and look to restart the process of buy, internal retracement then breakout. The 2nd breakout should give you all you need