GBP/JPY –Bouncing off the bottom
Bullish: We are currently @ 181.50 in a range. We have a gap that has not been filled ( only filled 78% of the time). We are looking for a continuation to the ATR Target @ 184.35 with the further target for today the 1.618 Fibo @184.94. Watch the USDX for direction. The average daily true range (ATR) for the pair is 143 pips per day and it’s 90 day average is 152 pips per day. USDX is currently moving up to go down.