GBP/JPY – Next Target?

 | Mar 31, 2016 08:50AM ET

GBP/JPY

Currently we are 161.34 continuing a nice downtrend. We are looking to continue to the 0.500 Fibo at 160.46 with an overall target of 159.10. The average daily true range (ATR) for the pair currently is 169 pips.