GBPJPY- The Last run
Bullish: We are currently @ 160.49 after testing the resistance to the upside. We are looking for a bounce here to continue to the ATR target @ 161.86 with a further target @ 162.22. We have divergence so this may be the last run before the pullback. Watch the USDX for direction. The average daily true range (ATR) for the pair is 233 pips and it’s 180 day average is 223 pips per day. USDX is currently down.