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GBP/JPY: Continues Channel Trading

06/01/2022

Less than a minute

2022.06.01 17:01

Bullish

At time of writing, GBP/JPY is trading at 163.03 within a channel. We are looking for the pair to continue towards the 164.21 ATR target area, and then on to the R5 at 164.71.

Watch the USDX for any change in direction. The ATR for the pair currently is 212 pips per day and its 180 day average is 173 pips per day.

USDX was down at the time of this post.

GBP/JPY: Continues Channel Trading GBP/JPY Chart