GBP/JPY Topping Out

Bearish 

We are currently at 151.92 at a day chart top for GBP/JPY.

If we can break slope support, we are looking for a move to the ATR target at the 150.69 area.

A continuation would target the 0.500 Fibo at 149.84.  Watch the USDX for any change in direction. The ATR for the pair currently is 119 pips per day.

GBP/JPY topping out

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