Advertisement
Advertisement

GBP/JPY Bounce is Expected

By:
Nenad Kerkez
Updated: Sep 13, 2021, 10:23 GMT+00:00

The GBPJPY is making a bullish bounce and I expect a continuation of a bullish move.

GBP/JPY Bounce is Expected

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.

undefined

For a look at all of today’s economic events, check out our economic calendar.

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.

Advertisement