Note: Core CPI and PPI were as forecasted today!
Forex Strategy is Bullish: For GBP/JPY, we are currently @ 192.11 in a channel in a range. We are looking for a continuation to the ATR target @ 193.31 area, with possible movement to the 1.000 Fibo @ 193.98.
Watch the US Dollar for direction. The average daily true range (ATR) for the pair currently is 196 pips per day and its 90-day average is 207 pips per day.