GBP/JPY – one more move up

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GBP/JPY – one more move up

By Pro Act Traders — Author

Note: Flash Manufacturing Today

Bullish to Bearish: Forex Strategies: Currently we are at 191.42 in a channel in a range. We are looking for a continuation to the ATR target @ 192.40 area with a further target the 4.236 Fibo and range top @ 193.40. We expect a reaction there. Watch the USDX for direction, as it could negate all of this. The average daily true range (ATR) for the pair is 233 pips per day and it’s 90 day average is 198 pips per day. My Forex Analysis says USDX is currently down.

Posted to Introduction to Forex Targe… on Sep 23, 2024 — 8:09 AM

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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

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