GBP/JPY – trying to push through

May 22, 2023

Bullish: We are currently @ 172.39 and back in the channel.  IF we can break resistance here, we are looking for a continuation to the ATR target @ 173.23. Watch the USDX for direction. The average daily true range (ATR) for the pair is 150 pips per day and it’s 180 day average is 168 pips per day. USDX is currently moving down.