[stock_market_widget type="clock-markets" template="analog" timezone="America/New_York" title="New York" style="font-size: 7px; width: 100px;"] [stock_market_widget type="clock-markets" template="analog" timezone="Europe/London" title="London" style="font-size: 7px; width: 100px;"] [stock_market_widget type="clock-markets" template="analog" timezone="Europe/Brussels" title="Brussels" style="font-size: 7px; width: 100px;"] [stock_market_widget type="clock-markets" template="analog" timezone="Asia/Hong_Kong" title="Hong Kong" style="font-size: 7px; width: 100px;"] [stock_market_widget type="clock-markets" template="analog" timezone="Asia/Tokyo" title="Tokyo" style="font-size: 7px; width: 100px;"] [stock_market_widget type="clock-markets" template="analog" timezone="Australia/Sydney" title="Sydney" style="font-size: 7px; width: 100px;"]

GBP/JPY: Breakout to the Bottom in the Cards?

12/21/2023

Less than a minute

2023.12.21 10:36

Scott Barkley

Note: Last post this year for me
Bearish: We are currently @ 180.44 in a sideways move (bearish), in a range. If we can break here, we are looking for a continuation to the ATR target @ 179.00 with the further target the S6 @ 178.50 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 237 pips per day and it’s 90 day average is 148 pips per day. USDX is threatening down

GBPJPY – breakout to the bottom