EUR/JPY one more move to the top

Bullish: We are currently @ 144.70 after making the turn in a range. We are looking for continuation to the ATR target @ 145.50 area and then the 0.1000 Fibo @ 145.80. This is a significant top so cover your risk at these tops. We have convergence in play for the move. Watch the USDX for direction. The average daily true range (ATR) for the pair is 105 pips and it’s 180 day average is 135 pips per day. USDX is currently threatening down.

Posted to Introduction to Forex Targe… on Mar 06, 2023 — 8:03 AM

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