GBP/JPY – likes this channel

Note: Unemployment claims was positive

Bearish: We are currently @ 184.44 in a channel. IF we can get the breakout of the slope support here , we are looking for a continuation to the ATR Target @ 183.37 with the further target the day chart bottom @ 182.41. Watch the USDX for direction. The average daily true range (ATR) for the pair is 139 pips per day and it’s 90 day average is 158 pips per day. USDX is currently moving up.

Posted to Introduction to Forex Targe… on Aug 24, 2023 — 8:08 AM
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