GBP/JPY Third Channel Opportunity


is currently at 148.47 in a newly formed channel.  We have convergence in play for the down move. If we can break the support here we are are looking for a move to the ATR Target at 147.44 area. Watch for the bounce in that area. Watch the for any change in direction. The ATR for the pair currently is 111 pips per day. 

GBP/JPY 3rd channel opportunity

GBP/JPY 3rd channel opportunity
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