GBPJPY – the end is near

Bearish: We are currently @ 164.60 in a rising wedge (bearish) at the top. We have divergence for the down move. We are waiting for a double top and then IF we can break the day chart Resistance now support, we are looking for the start of a move to the ATR Target @ 160.42. Watch the USDX for any change in direction. The ATR for the pair currently is 323 pips per day and its 180 day average is 290 pips per day. USDX is currently attempting DOWN.

Posted to Introduction to Forex Targe… on Oct 04, 2022 — 8:10 AM

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