USDJPY Correction Opportunity

Bearish: USDX is currently going down at the time of this post. We are currently @ 113.77 in a channel. We have convergence to the upside. We are looking for an initial move to the ATR target @ 114.52. This might be a corrective ABC move. Watch the USDX for any change in direction. The ATR for the pair currently is 90 pips per day and its 180 day average is 76 pips.

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Posted to Introduction to Forex Targe… on Dec 08, 2021 — 8:12 AM

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