Forex analytics and overview
GBP/JPY Breaks Out of a Wedge
2022.11.17 11:50
Bearish: is currently at 165.53 after the wedge breakout. If we can break support here, we are looking for a continuation to the ATR {{0|target}
} at 163.90 with a further target the support at 163.49.
We have possible convergence on the hourly. If it is a flag pattern target up is 167.80 if it reverses. Watch the for any change in direction. The ATR for the pair currently is 230 pips per day, and its 180-day average is 222 pips per day. USDX is currently up.
