GBP/JPY – reacting nicely to the Fundie

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GBP/JPY – reacting nicely to the Fundie

By Pro Act Traders — Author

Note: Retail Sales and Unemployment claims today

Bullish: Forex Strategies: Currently we are at 190.46 in a channel. We broke resistance in the fundie and are looking for a continuation up to the ATR target @ 192.15 and then the 2.618 Fibo @ 192.94. Watch the USDX for direction, as it could negate all of this. The average daily true range (ATR) for the pair is 341 pips per day and it’s 90 day average is 194 pips per day. My Forex Analysis says USDX is currently Up.

Posted to Introduction to Forex Targe… on Aug 15, 2024 — 8:08 AM

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

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