USD/JPY – a-b-c sets up the next move

Note: FOMC minutes today

Bearish: We are currently @ 149.99 in a range. We have an a-b-c pullback and id we can break support here, we are looking to continue to the ATR target @ 149.20 with a further target the 0.618 Fibo @ 148.98 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 97 pips per day and it’s 90 day average is 123 pips per day. USDX is down.

Posted to Introduction to Forex Targe… on Feb 21, 2024 — 8:02 AM

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