EUR/JPY – Poised to fall

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EUR/JPY – Poised to fall

By Pro Act Traders — Author

Bearish: Forex Strategies: Currently we are at 172.78 in a range. IF we can break the slope support, we are looking for a continuation to the ATR Target @ 171.82. There is a significant support @ 171.36 - watch that area. We should see a reaction there. Watch the USDX for direction as it could negate all of this. The average daily true range (ATR) for the pair is 118 pips per day and it’s 90 day average is 124 pips per day. My Forex Analysis says USDX is currently up.

Posted to Introduction to Forex Targe… on Jul 16, 2024 — 8:07 AM

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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

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