GBPJPY out of an Expanding wedge heading north

Bullish: USDX is currently trying to go down at the time of this post. We are currently @ 153.90 after a break of the expanding wedge. We are looking for an initial move to the ATR target@ 154.97 area and then the Square up @ 155.40. Watch the USDX for any change in direction. The ATR for the pair currently is 153 pips per day and its 180 day average is 134 pips per day.

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Posted to Introduction to Forex Targe… on Mar 14, 2022 — 8:03 AM
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