GBP/JPY 138.75-85 Zone is the Decision Point

The GBP/JPY is showing a potential for either (a)continuation or (b)rejection. It will depend on the POC zone and the reaction there.

The price might get rejected off the POC zone towards 137.85, 137.56 and 137.05. However, for that to happen we should see a bearish reversal candlestick pattern. However, if the price manages to close with a bullish continuation pattern above the 138.85 then continuation is possible towards the W H3 camarilla pivot 139.66.

The Analysis has been done with the CAMMACD.Core and Sit Systems

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This article was originally posted on FX Empire

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