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GBP/JPY Could Start a Move Up

By:

Nenad Kerkez

Published: Aug 16, 2021, 12:14 GMT+00:00

The GBP/JPY is setting up for a long trade which could get momentum soon. Look for potential rejections.

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Read what the experts are trading this weekExclusive analysis from FXEmpire top analysts — curated insights you won't find on the free site.

W L3 D L4 is the breakout spot. If the trend line breaks watch for more momentum up. 151.50-60 is the POC zone. Targets are 151.98 and 152.30 on a positive bullish momentum. If D L5 breaks watch for a move down.

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.

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