USD/JPY – making the turn

Bearish: We are currently @ 147.82 after taking out the range top. If we can break through support here, we are looking for a continuation to the ATR target @ 145.76 with the further target the 0.618 Fibo @ 145.54 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 142 pips per day and it’s 90 day average is 119 pips per day. USDX is down.

Posted to Introduction to Forex Targe… on Jan 22, 2024 — 8:01 AM
Comments ({[comments.length]})
Sort By:
Loading Comments
No comments. Break the ice and be the first!
Error loading comments Click here to retry
No comments found matching this filter
Want to add a comment? Take me to the new comment box!