GBP/JPY Bullish Bounce Expected At The Order Block

We can see that the GBP/JPY is having a retracement close to the bullish order block.

The order block is very close to the 78.6 and 88.6 zones. We could see a bullish bounce exactly within the zone for a renewed bullish pressure. Targets are 139.43 followed by 139.68 and 140.09. However, don’t expect this to happen today due to the Thanksgiving holiday in the US and the general lack of volatility. Monday is the day where we might see much more of the price action.

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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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