GBPJPY- flag or wedge opportunity

Bearish: We are currently @ 165.53 after the breakout of the wedge. IF we can break support here, we are looking for a continuation to the ATR Target @ 163.90 with a further target the support @ 163.49. We have possible convergence on the hourly. If it is a flag pattern target up 167.80 if it reverses. Watch the USDX for any change in direction. The ATR for the pair currently is 230 pips per day and its 180 day average is 222 pips per day. USDX is currently up.

Posted to Introduction to Forex Targe… on Nov 17, 2022 — 8:11 AM

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