GBP/JPY – continues the channel

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GBP/JPY – continues the channel

By Pro Act Traders — Author

Bullish: Forex Strategies: Currently we are at 188.47 in a channel. We are looking for a continuation up to the 1.000 Fibo @ 189.97 and then the ATR target @ 190.92. Watch the USDX for direction, as it could negate all of this. The average daily true range (ATR) for the pair is 360 pips per day and it’s 90 day average is 191 pips per day. My Forex Analysis says USDX is currently up.

Posted to Introduction to Forex Targe… on Aug 12, 2024 — 8:08 AM

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

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