GBP/JPY – Double top now in place

Bearish: We are currently @ 187.50 in a range with a double top now in place. We are looking for a continuation to the ATR target @ 186.83 with the further target for today the 0.500 Fibo @ 186.48 area. We have convergence in play. Watch the USDX for direction. The average daily true range (ATR) for the pair is 143 pips per day and it’s 90 day average is 149 pips per day. USDX is currently threatening a move up.

Posted to Introduction to Forex Targe… on Nov 15, 2023 — 8:11 AM

Recent free content from Pro Act Traders

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

Reviews Average Rating          

I feel I picked the right trading company.
See All Reviews →