GBP/JPY Is Setting Up For A Long

GBP/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 needs to stay above 153.45 to remain bullish as it is now. Watch for buying the dips.


Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high ...

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