GBP/JPY – 5th wave underway

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GBP/JPY – 5th wave underway

By Pro Act Traders — Author

Forex Strategies Bullish: We are currently @ 197.10 after a 4^th wave bounce. We are looking for a continuation to the ATR target @ 198.44-50 and then further movement to the 1.000 Fibo @ 199.59. Convergence is in play. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 180 pips and it’s 90 day average is 231 pips.

Posted to Introduction to Forex Targe… on Nov 04, 2024 — 8:11 AM

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

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