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GBP/JPY Bounce is Expected
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The GBPJPY is making a bullish bounce and I expect a continuation of a bullish move.
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We can see that the JPY generally is weakeningThe structure of the GBPJPY is looking more bullish than bearish. Pay attention to a possible bounce. 152.10 is the zone where we could expect it. Targets are 152.35 followed by 152.50 and 152.70. At this point only the break above the trend line is needed to confirm the bullish momentum.
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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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