GBPJPY 3rd channel opportunity

Bearish: We are currently @ 148.47 in a newly formed channel. We have convergence in play for the down move. IF we can break the support here we are are looking for a move to the ATR Target @ 147.44 area. Watch for the bounce in that area. Watch the USDX for any change in direction. The ATR for the pair currently is 111 pips per day.

Posted to Introduction to Forex Targe… on Mar 01, 2021 — 8:03 AM
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