GBPJPY – Channel?

Scott Barkley ProAct Traders

Bullish: Currently we are @149.13 in a range and a channel. We are looking for a continuation to the range top @ 150.00 area and then a possible continuation to the day chart resistance @ 150.80. The average daily true range (ATR) for the pair currently is 114 pips.

Author

Scott Barkley

ProAct Traders

Scott Barkley is the President of ProAct Traders LLC located in Round Rock, Texas. Scott graduated from the institute For Latin American Studies in Cuernavaca, Mexico.

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