GBP/JPY Could Start a Move Up

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

The GBP/JPY is setting up for a long trade which could get momentum soon. Look for potential rejections.

W L3 D L4 is the breakout spot. If the trend line breaks watch for more momentum up. 151.50-60 is the POC zone. Targets are 151.98 and 152.30 on a positive bullish momentum. If D L5 breaks watch for a move down.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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