GBP/JPY Should Continue in the Channel

2022.11.09 09:22

is currently at 167.10 in a channel. We are looking for a continuation of the channel to the 1.618 Fibo/ATR target  at 165.80 with a further target of support at 165.00.

We have convergence on the hourly. Target up is 169.00 if it reverses. Watch the for any change in direction. The ATR for the pair currently is 245 pips per day, and its 180-day average is 223 pips per day. USDX is currently down.

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