GBP/JPY Bounce Off the POC Zone Might Happen Soon

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear Traders,

The GBP/JPY is still bullish.  The price is getting closer to the POC zone where we might find buyers.

134.85-135.10 is a potentially good zone to place new long positions. 61.8 is adding to the confluence and its holding above the W H3 level.  We should see a potential move up towards the 163.00 zone today. However, a move above next week could push the pair even higher towards 136.89. It is important that the price stays above W L3 134.10 in order for bulls to further dominate.

The analysis has been done with the CAMMACD system.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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