GBP/JPY bounce off the POC zone might happen soon

Nenad Kerkez Top-XE

The GBP/JPY is still bullish. The price is getting closer to the POC zone where we might find buyers.

134.85-135.10 is potentially good zone to place new long positions. 61.8 is adding to the confluence and its holding above the W H3 level. We should see a potential move up towards 163.00 zone today. However, a move above next week could push the pair even higher towards 136.89. It is important that the price stays above W L3 134.10 in order for bulls to further dominate.

The analysis has been done with the CAMMACD.Core System.

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Author

Nenad Kerkez

Top-XE

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