The so popular “Dragon” GBP/JPY is currently supported by 4h BB trend, CAMMACD trend and ecs.MACD bullish trend. There is also a supportive ascending trend line
At this point we can see that 147.20-30 is the POC zone as we already announced as the CAMMACD trading idea within the ecs.LIVE trading room. Next target is 147.50, followed by 147.62 and 147.90. The eventual bounce might overshoot the D H4 leading to 148.20 during the end of the day if momentum persists.