GBPJPY flag says up

Bullish: We are currently @ 168.20 in a flag pattern and in a channel. IF we can break resistance here, we are looking for a continuation to the 4.236 Fibo @ 169.44 with the overall target the ATR @ 170.08. We have convergence on the hourly. The target down is 166.78 if it reverses. Watch the USDX for any change in direction. The ATR for the pair currently is 174 pips per day and its 180 day average is 192 pips per day. USDX is currently threatening down.

Posted to Introduction to Forex Targe… on Dec 15, 2022 — 8:12 AM
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