GBP/JPY–race to the top

Bullish: Currently we are at 190.96 in a range. IF we can break the 1.000 Fibo resistance here, we are looking to continue to the ATR target @ 191.62. Watch the USDX for direction. The average daily true range (ATR) for the pair is 120 pips per day and it’s 90 day average is 143 pips per day. USDX is now headed down.

Posted to Introduction to Forex Targe… on Apr 03, 2024 — 8:04 AM
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