CHF/JPY – in position to do a down run

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CHF/JPY – in position to do a down run

By Pro Act Traders — Author

Forex Strategy is Bearish: We are currently @ 172.94 in a channel.

If we can break the support here, we are looking for a continuation to the ATR target @ 172.25 area, with the overall target the S6 @ 169.82. We have convergence on the 60 min chart. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 163 pips per day and it’s 90-day average is 144 pips per day.

Posted to Introduction to Forex Targe… on Jan 02, 2025 — 8:01 AM

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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

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