GBP/JPY-finishing a corrective move

Bullish to Bearish: Forex Strategies: Currently we are at 200.02 in a range. The pair appears to be in an ABC corrective pattern. We are looking to continue a C wave to the ATR target @ 200.52 area and then the range top @ @ 200.78 area. We should see a reaction there. Watch the USDX for direction. The average daily true range (ATR) for the pair is 147 pips per day and it’s 90 day average is 144 pips per day. Forex Analysis says USDX is currently down.

Posted to Introduction to Forex Targe… on Jun 17, 2024 — 8:06 AM

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