Forex analytics and overview

GBP/JPY Pushes Lower: What Lies Ahead?

09/06/2023

Less than a minute

2023.09.06 09:23

Scott Barkley

is currently at 184.85 after a corrective move. If we can break support at this level, we can expect a continuation to the ATR target at 184.17 with further potential downside. It’s important to keep an eye on the USDX for direction. The average daily true range (ATR) for the pair is 141 pips per day and its 90-day average is 152 pips per day. Currently, the USDX is moving down.

GBP/JPY Chart

09/06/2023

Less than a minute

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