GBP/JPY: Range Trading

Bearish

GBP/JPY is currently at 140.38 after a rising wedge breakout. If we can break this support we are looking for a move to the ATR target at 139.70 area. The further target is the 0.214 Fibo T 137.90 area. Watch the USDX for any change in direction. The ATR for the pair currently is 120 pips per day. 

GBPJPY Range Trade

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