GBP/JPY Another Bounce is Possible

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

The GBP/JPY should make a bounce from the 88.6 zone as the price is still technically bullish.

The POC zone for the GBP/JPY is exactly within 140.12-30. We should see an upmove which should be signalled if the price starts to reject from the zone. Targets are 141.42, 141.60 and 141.90. Only a drop below W L5 camarilla 139.38 could make the price bearish again.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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