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GBP/JPY is Setting up for a Long

By
Nenad Kerkez
GBP/JPY

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.

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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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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