Forex Opinion & Analysis
GBP/JPY Breaks Key Support: Will It Hit 191.90 Next?
Note: FOMC today! Forex Strategy is Bearish: We are currently @ 192.62 in a new channel. We just broke a monster support so we are looking for a continuation to the ATR target @ 191.90 area, with a strong support @ 191.21. Watch the USDX for directions. The average daily true range (ATR) for the pair currently is 197 pips per day and its 90-day average is 203 pips per day.