GBPJPY Trend Continuation

Bearish: USDX is sideways and undecided at the time of this post. We are currently @ 156.20 in a down Trend and most likely a 3rd wave. We are looking for an initial move to the ATR Target @ 154.80 area and then down to the 1.618 Fibo @ 153.96 area. Watch the USDX for any change in direction. The ATR for the pair currently is 125 pips per day and its 180 day average is 118 pips.

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