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GBP/JPY Double Top Now in Place – What’s Next?

11/15/2023

Less than a minute

2023.11.15 09:28

Scott Barkley

Bearish: We are currently at 187.50 in a range with a double top now in place. We are looking for a continuation to the ATR target at 186.83 with the further target for today the 0.500 Fibo @ 186.48 area. We have convergence in play. Watch the USDX for directions. The average daily true range (ATR) for the pair is 143 pips per day and it’s 90-day average is 149 pips per day. USDX is currently threatening a move up.

GBPJPY – Double top now in place