GBP/JPY –Falling wedge bounce might be in store

Pro Act

GBP/JPY –Falling wedge bounce might be in store

By Pro Act Traders — Author

Bullish: We are currently @ 182.89 in a falling wedge in a range. We have divergence for the upside move. If we get the bounce and breakout, we are looking for a continuation to the ATR Target @ 184.12. (Lots of convergence there) with the further target for today the 1.270 Fibo @184.50. Watch the USDX for direction. The average daily true range (ATR) for the pair is 141 pips per day and it’s 90 day average is 152 pips per day. USDX is currently moving sideways near a top.

Posted to Introduction to Forex Targe… on Sep 18, 2023 — 8:09 AM

Check out what my VIP members get

Recent free content from Pro Act Traders

GBP/USD-Continues its climb — 4/29/24
EUR/AUD-Breakout in the range — 4/25/24
GBP/USD-continuing the channel — 4/24/24
CHF/JPY-continuing a 3rd wave — 4/23/24
AUD/USD-starting the up move — 4/22/24

You can also use Ctrl+Enter to post

Comments ({[comments.length]})

Sort By:

Loading Comments

No comments. Break the ice and be the first!

Error loading comments Click here to retry

No comments found matching this filter

{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

{[comment.date_posted|date_format]} ● {[comment.date_posted|date_ago]} ● Edited ● Edit Comment ● Delete Comment

Want to add a comment? Take me to the new comment box!

By jennifer santiago — 2 years ago

I feel I picked the right trading company.

By rakeshnarwal — 3 years ago

See All Reviews →

Pro Act