GBP/JPY – Descending wedge says down

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GBP/JPY – Descending wedge says down

By Pro Act Traders — Author

Note: Jolts today

Bearish: Forex Strategies: Currently we are at 190.30 in a range. We are looking for a continuation to the ATR target @ 188.79 area. We anticipate a bullish reaction there due to the range bottom. Watch the USDX for direction, as it could negate all of this. The average daily true range (ATR) for the pair is 207 pips per day and it’s 90 day average is 193 pips per day. My Forex Analysis says USDX is currently up.

Posted to Introduction to Forex Targe… on Sep 04, 2024 — 8:09 AM

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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

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