GBPJPY Big Range opportunity–
Bearish: We are currently @ 166.51 in a range. IF we can break support here, we are looking for a continuation to the ATR Target @ 164.92 with a further target the Day chant bottom @ 164.00 area. We have convergence on the hourly. The target up is 167.79 if it reverses. Watch the USDX for any change in direction. The ATR for the pair currently is 162 pips per day and its 180 day average is 195 pips per day. USDX is currently threatening down.