Currency call summary 14 10 2021:

GBPJPY buy trade idea: needs to clear the significant resistance level at 155.63.
Entry: 153.80
SL: 50 pips
TP: 150 pips

EURJPY: buy trade idea
Entry: 131.87
SL: 40 pips
TP: 160 pips

USDJPY: buy trade idea
Has been uptrending recently but with recent DXY weakness the break over 113.76 resistance will be a challenge to get through currently. Therefore waiting on the DXY to have a bounce back down at the 93.70’s will be something to look out for so trade on this pair yet.

Gold: buy trade idea
Buying opportunities is price can test and bounce off the 1777 support level.
*Gold is not a short term trade idea but a point to add into a longer term position*


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By Scott Andrews

Scott Andrews is an Australian based trend and swing trader using the daily, 4 hour and 1 hour time frames. He has previously worked in China as a performance coach for their Winter Olympic Team at the time refining his trading skillset. and runs a YouTube channel discussing his thoughts on markets as well as being the Account Manager (Australia) for ForexBriefcase. Recently Scott took on the role as Trading Coach for LCMS Traders.

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