August 4th: Is the USD/JPY and GBP/JPY bottoming out?! This week's outlook & the big difference between scalping and swing trading [Free]

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First, the pound/yen.

The recent paid articles are not公開 because they would be参考 for future decisions.

Below is a paid article from July 30 posted on Friday.

In this way, the pound/yen has a sparse lower line, and in such a sharp decline, a weak line does not function.

Therefore, in the 131 yen area, there is a gap of about 250 pips from the early 129 yen area. 

A method to scalp and take a few pips incrementally.

If you read this as a sharp drop (it dropped on the 29th, so we changed to foresee another drop after the 30th)

A method to read only the solid lower support line and look for the possibility of taking a large profit.

Because the time frame being watched is different, the stop position naturally differs.

Likely losses come from mixing both approaches≪Stop deeper, take profit shallower≫in this kind of shape.

I think there are quite a few patterns like this.

If read long-term, the stop is somewhat deeper; if short-term scalping, the stop is shallow.

Even with scalping, ≪do not go against the long-term trend≫, and perhaps losses will be minimized?

Anyway, such a volatile market is still enjoyable because it makes forecasting rewarding.

Personally, I think it’s better to take a larger profit along with the flow even if it incurs some initial loss.

Especially this time, the USD/JPY had a high likelihood of moving down to the 106 yen area from early June.

And it did reach the 106 yen area in June, but for those who have learned the line method, returning to the 106 yen area again is obvious.

So I prefer markets that move a lot.

Now, here is this week's outlook.