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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.

GBP/JPY Could Start a Move Up

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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