GBPJPY Continuation Opportunity

Bullish:  USDX is currently going down at the time of this post.  We are currently @ 157.48. We have the convergence in play. We are looking for an initial move to the Day top @ 158.22 area with a continuation to the ATR target @ 158.34.  Watch the USDX for any change in direction. The ATR for the pair currently is 112 pips per day and its 180 day average is 117 pips per day.

 

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