GBP/JPY Channel Breakout

Bearish

USDX is headed down at the time of this post. We do not yet have a MACD break so make sure you get a solid break of the slope support. If we get traction, we are looking for a continuation to the ATR Target 150.23 area. Watch the USDX for any change in direction. The ATR for GBP/JPY currently is 96 pips per day and it’s 180 day average is 99 pips.

GGBPJPY channel Breakout

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