GPPJPY REOTM UPDATE

Our Real Estate of the Month Swing trade started @ 143.34 is currently @ 141.96 and continuing the trend. We anticipate that they will close one candle below this support for the continuation next week. IF we can break the support here, we are looking for a continuation of the 5th wave to the S4 support of this wave @ 140.30 and possible to the 5th wave overall target @ 139.60 and that might finish this move. Still 3 nice Wide-Open Spaces still to add on. A possibility that we might extend this to the S5 @ 138.86. If it bounces and breaks the trend to the upside we’ll go back to range trading it. The start and update charts are shown – so far tracking pretty good. The average daily true range (ATR) for the pair currently is 153 pips.

real estate of the month
real estate of the month