GBP/JPY: Triangle Break

 | Jan 08, 2018 08:43AM ET


Currently we are at 152.93 in a well-established range and trying to breakdown due to divergence in the pair. We are looking to continue initially to the 0.214 Fibo at 152.48 and then to the 0.618 Fibo at 151082 area this week. The average daily true range (ATR) for the pair currently is 94 pips.