GBP/JPY: Channel Continuation
GBP/JPY
-0.68%
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DX
-0.19%
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Position added successfully to:
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Type:
BUY
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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:
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Create a new holdings portfolio
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+ Add another position
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Bearish: GBP/JPY is currently at 1.6695 in a channel. If we can break the support here, we are looking for a continuation to the ATR target at 1.6600. We have convergence on the hourly. The target up is 1.6874 if it reverses.
Watch the USDX for any change in direction. The ATR for the pair currently is 174 pips per day, and its 180-day average is 192 pips per day. USDX is currently down.
GBP/JPY price chart.