GBP/JPY on H4 chart is still in strong bearish position. Yesterday the market recorded new lows in a bearish trend. Currently, a mild correction begins. It seems that the mood is still bearish, so return of price to the resistance set by previous low can be treated as an opportunity to play PUT options.


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GBP/AUD – H4 chart shows a wider downward trend and strong declines after breaking correction line. For two days there is a mild correction that now reaches the resistance of previous hole. Here the demand seems to weaken, or at least the dynamics of the rise is weaker. It seems that there may be a rebound down here. In this context, consider the PUT option.

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