GBPJPY- channel break | Marketfy

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GBPJPY- channel break

By Pro Act Traders — Author

Currently we are @ 151.39 in a well-established range and trying to break a corrective channel which is bearish for the pair. We are looking to continue initially to the 0.2382 Fibo @ 150.94 and then to the 0.214 Fibo @ 150.43 and then bounce there. It is possible that this is the completion of a 2 wave and the start of a 3^rd. It is too early to tell yet. The average daily true range (ATR) for the pair currently is 142 pips.

Posted to Introduction to Forex Targe… on Dec 21, 2017 — 8:12 AM

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

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By jennifer santiago — 3 years ago

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