GBPJPY Range Trade

Bearish: We are currently @ 140.38 after a rising wedge breakout. IF we can break this support we are looking for a move to the ATR Target @ 139.70 area. The Further Target is the 0.214 Fibo @ 137.90 area. Watch the USDX for any change in direction. The ATR for the pair currently is 120 pips per day.

Posted to Introduction to Forex Targe… on Jan 11, 2021 — 8:01 AM
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