GBP/JPY – Bullish after the announcement

Note: Core CPI and PPI were as forecasted today!

Forex Strategy is Bullish: We are currently @ 192.11in a channel in a range. We are looking for a continuation to the ATR target @ 193.31 area, with possible movement to the 1.000 Fibo @ 193.98. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 196 pips per day and it’s 90-day average is 207 pips per day.

Posted to Introduction to Forex Targe… on Jan 15, 2025 — 8:01 AM

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