EURJPY-Can we break resistance

Note: ADP tomorrow and NFP on Friday typically slows the market down before.

Bullish: We are currently @ 138.69 after testing the resistance. IF we can break resistance here, we are looking to continue to the ATR target @ 140.18. Watch the USDX for direction. The average daily true range (ATR) for the pair is 95 pips and it’s 180 day average is 167 pips per day. USDX is currently down.

Posted to Introduction to Forex Targe… on Jan 04, 2023 — 8:01 AM

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