GBPJPY continues the channel

Bullish: We are currently @ 163.03 in a channel. We are looking for a continuation to the ATR target 164.21 area and then the R5 @ 164.71. Watch the USDX for any change in direction. The ATR for the pair currently is 212 pips per day and its 180 day average is 173 pips per day. USDX is currently down at the time of this post.

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Posted to Introduction to Forex Targe… on Jun 01, 2022 — 8:06 AM

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