GBP/JPY – Third wave underway

Bullish: We are currently @ 189.37 in a channel in a range. We are looking to continue the channel to the ATR target @ 1190.12. There is a further 0.214 Fibo target @ 190.52 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 114 pips per day and it’s 90 day average is 146 pips per day. USDX is hinting down.

Posted to Introduction to Forex Targe… on Mar 13, 2024 — 8:03 AM
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