GBP/JPY Bullish Bounce Expected at the Order Block

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

We can see that the GBP/JPY is having a retracement close to the bullish order block.

The order block is very close to the 78.6 and 88.6 zones. We could see a bullish bounce exactly within the zone for a renewed bullish pressure. Targets are 139.43 followed by 139.68 and 140.09. However, don’t expect this to happen today due to the Thanksgiving holiday in the US and the general lack of volatility. Monday is the day where we might see much more of the price action.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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