GBP/JPY Back to the Top

Note: Unemployment claims was negative today
Bullish: Currently we are at 199.60 in a channel in a range. We are looking to continue to the 1.000 Fibo @ 200.28 area and then the ATR @ @ 200.58 area. This requires that the USDX continue down so Watch the USDX for direction. The average daily true range (ATR) for the pair is 127 pips per day and it’s 90 day average is 142 pips per day. USDX is currently down.

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