GBP/JPY POC Zone Could Show Fresh Sellers

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear Traders,

The POC zone shows a nice confluence between D H3 and D H4 Pivot Points. We might see a retracement before another drop.

141.10-50 is the zone where traders might want to take a look at reversal candle formation. If the price makes a U-turn within the POC look for another bearish impulse towards lower camarilla levels. Targets are 140.33 and 139.69. However, a clear close above D H4 pivot -141.60 will probably reject the pair to the upside targeting D H5 level and the trend will change. Volatility is slowly getting back so we might see good movement in the pair.

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

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