GBP/JPY-one more move to the top

Bullish: Currently we are at 195.60 in a channel. We are looking to continue to the 1.270 Fibo @ 196.28 and then the ATR target @ 197.30. Watch the USDX for direction. The average daily true range (ATR) for the pair is 246 pips per day and it’s 90 day average is 143 pips per day. USDX is currently down.

Posted to Introduction to Forex Targe… on May 13, 2024 — 8:05 AM
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