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GBP/JPY: Looking For Bullish Continuation

GBP/JPY: Looking For Bullish Continuation

GBP/JPY

Currently we are at 156.52 after the bounce north on the day chart trend. We are looking for a bullish continuation to the R3 area at 100.55-73, and the next target is the R4 at 157.74. Watch for a stall near 157.40-50. The average daily true range (ATR) for the pair currently is 135 pips.

GBP/JPY” title=”GBP/JPY” width=”1678″ height=”1010″ src=”https://d1-invdn-com.akamaized.net/content/picce0ef66cace1e3074dd77da87596e540.jpg” />

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