GBP/JPY Uptrend Continues as the Price is Bullish

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

The GBP/JPY has closed above the M H5 pivot point which indicates a very strong uptrend.

The bullish move is expected to continue as the price progresses above the M H5 level. We can see 155.40 as the level of support and continuation towards 157.11 is expected. However, the retracement to the POC zone is possible. 154.50-80 is where buyers are and we should see a bounce if the price reaches the zone.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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