Forex

GBP/JPY Uptrend Continuation Above W L3 Camarilla Pivot

November 5, 2018

2 min read

tarantula fx

Head of Trading

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GBP/JPY Uptrend Continuation Above W L3 Camarilla Pivot

Hi traders,

The GBP/JPY has made a strong uptrend move and at this point we see a consolidation. Next bullish impulse is possible.

Bounce from any of POC zones should target W L3 pivot at 143.87. POC1 146.90-147.00 and POC2 146.20-40 are zones where bulls should search for bouncing opportunities. Only a close above 147.90 will make a further continuation move towards 148.35 and 148.90. However, a drop below 146.20 will make pair more neutral again. If any emerging bullish pattern appears at the POC zones, that will be a sign for next bullish impulse and fresh buyers should appear.

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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