GBP/JPY is Set for Further Highs

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

The GBP/JPY is very strong. I am bullish on it and I expect new highs.

The Yen weakness coupled with the GBP strength is giving the trade a nice potential for a further move up. We can see that the order block has been tested and there are signs of a possible continuation up. the 151.20-30 zone is where buyers are and I expect 151.60 followed by 152.02. Strong zigzag is in play.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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