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GBP/JPY Another Bounce is Possible

By:
Nenad Kerkez
Published: Jan 4, 2021, 10:22 GMT+00:00

The GBP/JPY should make a bounce from the 88.6 zone as the price is still technically bullish The POC zone for the GBP/JPY is exactly within 140.12-30. We

GBP/JPY

The GBP/JPY should make a bounce from the 88.6 zone as the price is still technically bullish

The POC zone for the GBP/JPY is exactly within 140.12-30. We should see an upmove which should be signalled if the price starts to reject from the zone. Targets are 141.42, 141.60 and 141.90. Only a drop below W L5 camarilla 139.38 could make the price bearish again.

2021-01-04 GBP/JPY

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Cheers and safe trading,
Nenad

About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

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