Forex analytics and overview

GBP/JPY: The Last Run

01/09/2023

Less than a minute

2023.01.09 12:39

Scott Barkley

Bullish: is currently at 160.49 after testing the resistance to the upside. We are looking for a bounce here to continue to the ATR target of 161.86 with a further target of 162.22.

We have divergence, so this may be the last run before the pullback. Watch the for directions. The average daily true range (ATR) for the pair is 233 pips, and its 180-day average is 223 pips per day. USDX is currently down.

GBP/JPY price chart.

01/09/2023

Less than a minute

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