GBP/JPY – Rising Wedge Breakout

Pro Act

GBP/JPY – Rising Wedge Breakout

By Pro Act Traders — Author

Bearish: We are currently @ 195.64 in the top of a range. We are just breaking out of a rising wedge. We have divergence in play for the down move. We are looking for the continuation to the ATR target @ 194.61. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 199 pips and it 90 day average is 221 pips.

Posted to Introduction to Forex Targe… on Oct 22, 2024 — 8:10 AM

Check out what my VIP members get

Recent free content from Pro Act Traders

USD/JPY – Range top in — 10/21/24
Do I Need To Monitor The Forex All The Time Video — 10/18/24
GBP/USD – Range Breakout — 10/17/24
EUR/AUD – Cup and handle in play — 10/16/24
EUR/JPY – Will the Range Break — 10/15/24

You can also use Ctrl+Enter to post

Comments ({[comments.length]})

Sort By:

Loading Comments

No comments. Break the ice and be the first!

Error loading comments Click here to retry

No comments found matching this filter

{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

{[comment.date_posted|date_format]} ● {[comment.date_posted|date_ago]} ● Edited ● Edit Comment ● Delete Comment

Want to add a comment? Take me to the new comment box!

By jennifer santiago — 3 years ago

I feel I picked the right trading company.

By rakeshnarwal — 3 years ago

See All Reviews →

Pro Act