EUR/JPY –Might break the range

Bearish: We are currently @ 156.96 in a channel in a range. WE have a gap that has not been filled ( only filled 78% of the time). IF we can break support here , we are looking for a continuation to the ATR Target @ 156.60 with the further target for today the 1.000 Fibo @155.91. Watch the USDX for direction. The average daily true range (ATR) for the pair is 110 pips per day and it’s 90 day average is 122 pips per day. USDX is currently moving down.

Posted to Introduction to Forex Targe… on Sep 11, 2023 — 8:09 AM
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