Forex analytics and overview

GBP/JPY: Big Opportunity Ahead If It Can Break Support

05/25/2022

Less than a minute

2022.05.25 15:56

Bearish

At time of writing, GBP/JPY is trading at 158.61 within a channel. Should the pair break support at 158.06, we are looking for a continuation to the ATR target of 156.67, and then the S6 target at 155.73.

Watch the USDX for any change in direction; upward direction was last seen.

The ATR for the pair currently is 235 pips per day and its 180 day average is 195 pips per day.

GBP/JPY: Big Opportunity Ahead If It Can Break Support GBP/JPY Chart

05/25/2022

Less than a minute

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