Note: ISM Manufacturing today!
Bullish: Forex Strategies: Currently GBP/JPY is at 192.88 after finishing 5 wave to the downside. We are looking for a continuation up to the ATR target at 193.44 after a pullback.
Watch the US dollar for direction, as it could negate all of this.
The average daily true range (ATR) for the pair is 243 pips per day and its 90-day average is 166 pips per day.
My Forex Analysis says USDX is currently up.