GBPJPY channel continuation opportunity

Bullish:  We are currently @ 163.39 in a channel in a range.  Above 163.70,  we are looking for a continuation to the ATR target @ 164.89-165.00 area. Watch the USDX for any change in direction. The ATR for the pair currently is 199 pips per day and its 180 day average is 199 pips per day. USDX is currently threatening down at the time of this post.  

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