GBP/JPY Flag Pattern Opportunity

 | Feb 21, 2019 08:44AM ET

GBP/JPY Bullish: Currently, we are at 144.71 and in consolidation in a flag pattern. We are looking for a breakout of the flag and then the continuation to the 1.618 Fibonacci at 146.37. The overall target is the R6 at 147.15 area. The average daily true range (ATR) for the pair currently is 119 pips.