GBPJPY Breakout?

Bullish maybe: We are currently @1.2932 in a nice channel. We are poised for a breakout (although we could have one more move to the day chart bottom @ 134.95). We are looking for a continuation to the ATR target @ 137.00 if we get the Breakout. COT reports major longs on all GBP pairs. Watch the USDX for direction. The ATR for the pair currently is 150 pips per day.

Posted to Introduction to Forex Targe… on Sep 14, 2020 — 8:09 AM

Recent free content from Pro Act Traders

Comments ({[comments.length]})
Sort By:
Loading Comments
No comments. Break the ice and be the first!
Error loading comments Click here to retry
No comments found matching this filter
Want to add a comment? Take me to the new comment box!