GBP/JPY Channel

 | Jan 05, 2021 08:41AM ET

GBP/JPY: Bearish:  We are currently @ 139.59 in a channel. IF we can break the support here, we are looking for a move to the ATR {0|Target}} @ 138.68 area.  The further target is the bottom @ 138.00.  Watch the USDX for any change in direction. The ATR for the pair currently is 136 pips per day.