GBP/JPY bullish continuation – emerging ascending scallop pattern

2 min read
tarantula fx

tarantula fx

Head of Trading

Dear Traders,

The GBP/JPY is showing an emerging ascending scallop pattern and we might expect a continuation of uptrend.

If we see a pullback towards 143.77 the price might be in the buying zone again. Watch for rejections off the  W H3 Camarilla pivot towards 144.50 and 144.76. If the price makes a weekly close above 144.50 then it will be a start of a confirmed ascending scallop and next week we should see a continuation towards 145.50.

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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