GBPJPY Corrective move in play

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GBPJPY Corrective move in play

By Pro Act Traders — Author

Bullish to Bearish: USDX is currently bearish at the time of this post. We are currently @ 156.64 with a breakout of the channel in a range. We are looking for an initial move to the square up @ 157.21 and then to the ATR target @ 157.44 area. If corrective move, then look for the sell off there. Watch the USDX for any change in direction. The ATR for the pair currently is 113 pips per day and its 180 day average is 119 pips per day.

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Posted to Introduction to Forex Targe… on Feb 15, 2022 — 8:02 AM

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

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