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GBP/JPY is Setting up for a Long

By:
Nenad Kerkez
Published: Jun 10, 2021, 09:22 GMT+00:00

GBP/JPY dropped but we can see a potential move up. Yen weakness might show up again and we need to get ready to go long.

GBP/JPY

If we see a bounce that would be a good intraday position. The zone comes exactly at 154.00-25 and W L5 camarilla. A bounce will target 154.93, 155.97 all the way up to 156.47. However, the price need to stay above 153.45 to remain bullish as it is now. Watch for buying the dips.

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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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