GBPJPY channel trade

Bearish:  We are currently @ 143.24 in a range and out of a rising wedge which is bearish. We are looking for a move to the ATR Target @ 142.60 area. A continuation would target the 0.500 Fibo for an additional 35 pips. Watch the USDX for any change in direction. The ATR for the pair currently is 90 pips per day. 

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