$GBPJPY- Descending wedge? | Marketfy

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$GBPJPY- Descending wedge?

By Pro Act Traders — Author

Currently we are 132.26 in a descending wedge which is bearish for the pair. IF we break the support, we are looking for a continuation to the 1.618 Fibo @ 131.55 and then possibly to the 2.270 Fibo @ 130.89. The average daily true range (ATR) for the pair currently is 200 pips.

Posted to Introduction to Forex Targe… on Aug 10, 2016 — 8:08 AM

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

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