GBP/JPY: Bear Flag Breakout

 | Jun 08, 2021 08:46AM ET

h2 Bearish

We are currently at 154.69 in a range. We just broke the bear flag and we are looking for an initial move to the ATR Target at 154.10 area.  A further target is the S4 at 153.74. Watch the USDX for any change in direction. The ATR for the pair currently is 84 pips per day.