EURJPY channel continuation

Bearish: Currently we are @ 120.25 in a channel in a range. We have Convergence to support the downside move on the 60-minute chart. We are looking to continue to the ATR target @ 119.20 area and then later a continuation to the 0.214 Fibo @ 118.62 We expect a reaction there. The average true range (ATR) for the pair currently is 128 pips per day.

Posted to Introduction to Forex Targe… on Jun 25, 2020 — 8:06 AM

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