GBP/JPY is Setting up for a LongGBP/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.
For a look at all of today’s economic events, check out our economic calendar.
Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Cheers and safe trading,