NZD/JPY-Still pushing the down channel

Bearish: Currently we are at 91.07` in a channel. IF we can break slope support here, we are looking to continue to the ATR target @ 90.46 with a further target the Day chart bottom @ 90.11. Watch the USDX for direction. The average daily true range (ATR) for the pair is 70 pips per day and it’s 90 day average is 66 pips per day. USDX is stationary.

Posted to Introduction to Forex Targe… on Apr 16, 2024 — 8:04 AM

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