USD/JPY–looking for the turn

Note: Jolts this AM

Bearish: Currently we are at 151.65 in the top of the range. We have a quadruple top in place. IF we can break slope support here, we are looking to continue to the ATR target @ 150.95 with a further 1.618 Fibo target @ 150.27 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 85 pips per day and it’s 90 day average is 121 pips per day. USDX may have finished it’s up move and now headed down.

Posted to Introduction to Forex Targe… on Apr 02, 2024 — 8:04 AM

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