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GBPJPY- bounce trade?

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 28, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    $GBPJPY- bounce trade? Currently we are at 184.58. We are looking to bounce and start a 5th wave to the resistance area @ 187.20 with an overall target @ 188.00. The average daily true range (ATR) for the pair currently is 116 pips.

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