GBP/JPY: 3rd Wave Likely
GBP/JPY -0.15% Add to/Remove from Watchlist Add to Watchlist Add Position
Position added successfully to:
Please name your holdings portfolio Type: BUY SELL Date: Amount: Price Point Value: Leverage: 1:1 1:10 1:25 1:50 1:100 1:200 1:400 1:500 1:1000 Commission: Create New Watchlist Create Create a new holdings portfolio Add Create + Add another position Close DX -0.12% Add to/Remove from Watchlist Add to Watchlist Add Position
Position added successfully to:
Please name your holdings portfolio Type: BUY SELL Date: Amount: Price Point Value: Leverage: 1:1 1:10 1:25 1:50 1:100 1:200 1:400 1:500 1:1000 Commission: Create New Watchlist Create Create a new holdings portfolio Add Create + Add another position Close
Bearish: GBP/JPY is currently at 160.02 in a 3rd wave. With this pullback, we are looking to continue to the ATR target at the 158.62 area with a further target of 158.00.
Watch the USDX for direction. The average daily true range (ATR) for the pair is 187 pips, and it’s 180-day average is 209 pips per day. USDX is currently sideways.
GBP/JPY price chart.
