GBP/JPY Looks To Test Day's High
Scott Barkley | Jan 12, 2022 08:35AM ET
GBP/JPYis currently going down at the time of this post. We are now at 157.48.
We have the convergence in play. We are looking for an initial move to the day's top near the 158.22 area, continuing to the average true range (ATR) target at 158.34.
Watch the DXY for any change in direction. The ATR for the pair currently is 112 pips per day, and its 180-day average is 117 pips per day.
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