GBP/JPY – Breaks support

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GBP/JPY – Breaks support

By Pro Act Traders — Author

Note: FOMC today! Forex Strategy is Bearish: We are currently @ 192.62 in a new channel. We just broke a monster support so we are looking for a continuation to the ATR target @ 191.90 area, with a strong support @ 191.21. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 197 pips per day and it’s 90-day average is 203 pips per day

Posted to Introduction to Forex Targe… on Jan 29, 2025 — 8:01 AM

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

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