GBP/JPY Breaks Out of a Wedge
GBP/JPY
+0.20%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
DX
-0.04%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
Bearish: GBP/JPY is currently at 165.53 after the wedge breakout. If we can break support here, we are looking for a continuation to the ATR {{0|target}
} at 163.90 with a further target the support at 163.49.
We have possible convergence on the hourly. If it is a flag pattern target up is 167.80 if it reverses. Watch the USDX for any change in direction. The ATR for the pair currently is 230 pips per day, and its 180-day average is 222 pips per day. USDX is currently up.
GBP/JPY price chart.
