GBP/JPY Two POC zones for Now Moment Buyers

March 21, 2017

By Admiral Markets

The GBP/JPY got a backwind by renewed GBP strength and currently we can see nice intraday rejections off the supporting trend line. Two POC zones that might spur additional buying interest are 139.50-65 (EMA89, H4, 50.0). H4 camarilla is breakout point which we already covered in Price Action Trading School and on subsequent retests we might see another rejection. If the pair retraces deeper to POC2 zone pay attention to 139.20-35 (H3, 78.6, trend line). Target is Weekly camarilla H4 140.75.

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Article by Admiral Markets

Source: GBP/JPY Two POC zones for Now Moment Buyers

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