Translation (keeping HTML format, no code blocks, no extra line breaks): 【FX full-time trader cat’s GBP/JPY trade analysis 0509】
In the employment statistics, the pound/yen rose, didn't it?
This is a 4-hour chart.
The question is whether you can avoid being enticed by hints from higher time frames and determine the lower time frames. Higher time frames offer larger rewards, which makes the temptation stronger.
Let's look at the daily chart.
If two expansions were negated, ... but there might still be a third time's the charm.
Next, the weekly chart.
The opposing band closed and ended with a lower wick. It is bearish while also showing some upside hints.
Finally, the monthly chart.
The monthly chart hasn't shown significant changes yet. Volatility spiked and then returned to the previous level. The range market that has been continuing since the year after the Brexit vote in 2016 is still ongoing.
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