GBP/JPY bullish continuation - emerging ascending scallop pattern

Nenad Kerkez Top-XE

The GBP/JPY is showing an emerging ascending scallop pattern and we might expect a continuation of uptrend.

If we see apullback towards 143.77 the price might be in the buying zone again. Watch for rejections off the W H3 Camarilla pivot towards 144.50 and 144.76. If the price makes a weekly close above 144.50 then it will be a start of a confirmed ascending scallop and next week we should see a continuation towards 145.50.

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

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Author

Nenad Kerkez

Top-XE

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