GBPJPY trying to break down

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GBPJPY trying to break down

By Pro Act Traders — Author

Bearish: We are currently @ 164.46 at the top of the range. We have divergence for the short. IF we can break the 164.29 support, we are looking for an initial move to the former day chart top @ 163.74 area and then the ATR target @ 162.93. Watch the USDX for any change in direction. The ATR for the pair currently is 165 pips per day and its 180 day average is 136 pips per day. USDX is currently up at the time of this post.

Posted to Introduction to Forex Targe… on Apr 14, 2022 — 8:04 AM

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

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