GBP/JPY – Rising Wedge Breakout

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GBP/JPY – Rising Wedge Breakout

By Pro Act Traders — Author

Bearish: We are currently @ 195.64 in the top of a range. We are just breaking out of a rising wedge. We have divergence in play for the down move. We are looking for the continuation to the ATR target @ 194.61. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 199 pips and it 90 day average is 221 pips.

Posted to Introduction to Forex Targe… on Oct 22, 2024 — 8:10 AM

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

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