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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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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