GPBJPY Expanding wedge continuation –

Bearish: USDX is currently going down with a bullish bias at the time of this post. We are currently @ 154.73. We have divergence in play on the hourly compressions. We are looking for an initial move to the ATR target @ 153.75 area with a further target the 0.382 Fibo @ 153.32. Watch the USDX for any change in direction. The ATR for the pair currently is 106 pips per day and its 180 day average is 111 pips per day.

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Posted to Introduction to Forex Targe… on Feb 01, 2022 — 8:02 AM

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