As we expected in our Forex Analysis from July 21, 2021, the pair GBP/JPY on H4 timeframe made a big upward movement.
We closed the long position when the price reached the overbought state of RSI 6 periods. We loaded our STS_MA_Distance_Bot to make a short trade in the zone near 500 EMA if our STS_MA_Distance_Indicator shows 50 pips to 10 EMA. The transaction is closed upon touching 10 EMA.
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