GBP/JPY – Descending wedge says down

Pro Act

GBP/JPY – Descending wedge says down

By Pro Act Traders — Author

Note: Jolts today

Bearish: Forex Strategies: Currently we are at 190.30 in a range. We are looking for a continuation to the ATR target @ 188.79 area. We anticipate a bullish reaction there due to the range bottom. Watch the USDX for direction, as it could negate all of this. The average daily true range (ATR) for the pair is 207 pips per day and it’s 90 day average is 193 pips per day. My Forex Analysis says USDX is currently up.

Posted to Introduction to Forex Targe… on Sep 04, 2024 — 8:09 AM

Check out what my VIP members get

Recent free content from Pro Act Traders

GBP/CHF – channel to the top — 11/07/24
GBP/USD – Triple top in place — 11/05/24
GBP/JPY – 5th wave underway — 11/04/24
Struggling with learning Price Action — 11/03/24
EUR/JPY – will it break — 10/30/24

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