GBP/JPY: Wedge Break?

 | Jun 19, 2014 09:13AM ET


Currently we are at 173.47. We are looking for a continuation to the 1.270 area at 173.87 AFTER the break of the ascending wedge.  Larger target is the 174.44 area.  The average daily true range (ATR) for the pair currently is 68 pips.