GBPJPY: continuation?

Bearish:Currently we are at 142.72 in a flag pattern inside a range.A continuation here would target the ATR Target @ 141.52 area. There is a double bottom @ 141.25-hold for that. The average daily true range (ATR) for the pair currently is 145 pips with a 180-day ATR of 119 Pips.WATCH THE USDX for more clues.

Posted to Introduction to Forex Targe… on Jan 09, 2020 — 8:01 AM
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  • {[]} — Marketfy Staff — Maven — Member
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