GBP/JPY Bullish Trend Might Come to a Halt Soon
March 3, 2021
1 min read
Dear traders,
The GBP/JPY is bullish but it is coming close to a resistance. 149.80-150.00 will be a hard nut to crack.
In the POC zone, we can see a lot of confluence. D H5, W H4 camarilla levels along with historical sellers and 78.6-88.6 fib pose a threat to bulls. I expect rejections in the zone. Targets are 149.40, 149.04 and 148.50. GBP/JPY is bullish but retracement should come soon as the Yen should also get stronger.
The Analysis has been done with the Black Widow system.
Good trading,
Nenad Kerkez
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