GBP/JPY The Dragon is Soaring Higher

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear Traders,

The GBP/JPY is soaring higher. M H4/W H3 Confluence had a clear cross upward and we can see a strong marubozu candle off the support.

The price is strongly supported by the bullish momentum that is trying to reach the first target 134.74. The continuation above will aim for 135.37. The trend change has been confirmed and most GBP crosses now are bought on the dips. The Dragon still has the room till next support, so I expect the price to continue to its full target or maybe higher during the upcoming week.

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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