GBP/JPY – Rising Wedge Breakout


Bearish: We are currently @ 195.64 in the top of a range. We are just breaking out of a rising wedge. We have divergence in play for the down move. We are looking for the continuation to the ATR target @ 194.61. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 199 pips and it 90 day average is 221 pips.
Posted to Introduction to Forex Targe… on Oct 22, 2024 — 8:10 AM

Recent free content from Pro Act Traders

Comments ({[comments.length]})
Sort By:
Loading Comments
No comments. Break the ice and be the first!
Error loading comments Click here to retry
No comments found matching this filter
Want to add a comment? Take me to the new comment box!