GBPJPY reversal

Bearish: We are currently @ 147.94 just breaking out of a Rising wedge which is bearish. We are looking for a move to the ATR Target @ 146.81 area. A continuation would target the 0.500 Fibo @ 146.17. Watch the USDX for any change in direction. The ATR for the pair currently is 87 pips per day.

Posted to Introduction to Forex Targe… on Feb 22, 2021 — 8:02 AM
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