EURJPY– Channel continuation opportunity

Bullish: We are currently @ 141.78 in a range and a channel which is bullish. IF we can break resistance here, we are looking to continue to the ATR target @ 142.62 area with a further target @ 143.00. Watch the USDX for direction. The average daily true range (ATR) for the pair is 190 pips and it’s 180 day average is 185 pips per day. USDX is currently threatening up.

Posted to Introduction to Forex Targe… on Jan 23, 2023 — 8:01 AM

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