Mon, Aug 02, 2021 @ 05:21 GMT
HomeContributorsTechnical AnalysisGBP/JPY Consolidation Could Provide A Bullish Breakout

GBP/JPY Consolidation Could Provide A Bullish Breakout

The price on the GBP/JPY is still bullish. The Consolidation within the running triangle should provide a breakout.

If the price breaks above 140.71 we should see a continuation towards 141.35 , 142.08 and 142.83 during the week. However, we need to see a 4h close above the W H4 camarilla pivot. At this point, the POC zone provides buying opportunities (139.50-140.00) but momentum is needed.

At this point it’s all about buying the dip and the price is still bullish.

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