GBP/JPY Breakout

GBP/JPY Bearish: We are currently at 138.10 after a breakout. We have the start of convergence for the downside move on the 60-minute chart.  We are looking for a continuation to the ATR target at 137.42 and maybe the 0.500 Fibo at 137.11.  Watch the USDX for direction. The ATR for the pair currently is 94 pips per day.  

GBPJPY Breakout

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