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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The analysis and the article presents Nenad's opinion. Remember, financial trading is highly speculative & may lead to the loss of your funds. Proper risk management is the Holy Grail of trading.
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