GBP/JPY – continues the upward climb

Forex Strategy is Bullish: We are currently @ 191.54 in a channel. We are looking for a continuation to the ATR target @ 192.51 area and then to the 1.270 Fibo @ 193.20. We have convergence for the up move. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 217 pips and it’s 90-day average is 225 pips per day.

Posted to Introduction to Forex Targe… on Dec 05, 2024 — 8:12 AM

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