Note: ISM today
Bearish: We are currently @ 190.49 in the very top of a range. We are looking for a swing trade with the first part to continue to the ATR target @ 190.00 with a further target the S4 @ 1189.00 area. The overall target is the S6 @ 185.20. Watch the USDX for direction. The average daily true range (ATR) for the pair is 100 pips per day and it’s 90 day average is 129 pips per day. USDX is in a pennant and hinting down.
GBP/JPY: Swing Trade on Deck
