GBP/JPY Channel Continuation Opportunity
Scott Barkley | Aug 08, 2022 08:50AM ET
Bullish: GBP/JPY is currently at 163.39 in a channel in a range. Above 163.70, we are looking for a continuation to the ATR target at the 164.89-165.00 area. Watch the DXY for any change in direction.
The ATR for the pair currently is 199 pips per day, and its 180-day average is 199 pips per day. DXY is currently threatening down at the time of this post.
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