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GBP/JPY Bearish Continuation is Expected

By:
Nenad Kerkez
Published: Dec 20, 2018, 12:00 UTC

Hi traders, The GBP/JPY is making a nice bearish zigzag that indicates the equilibrium with the current trend. New rejections are possible. The POC zone

GBP/JPY Bearish Continuation is Expected

Hi traders,

The GBP/JPY is making a nice bearish zigzag that indicates the equilibrium with the current trend. New rejections are possible.

The POC zone 142.08-18 is a potential rejection spot. We have a lot of confluence and any reversal pattern including my T-89 proprietary pattern should further weaken the pair. GBP/JPY is moving below all confluence points and higher time frames also suggest further bearish continuation. Targets are 141.30 and 140.79.

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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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