EUR/JPY – support break could be nice

Bearish: We are currently @ 150.44 in a channel. If we can break support here, we are looking for a continuation to the ATR target @ 150.73 with the further target the S5 @ 150.09 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 115 pips per day and it’s 90 day average is 130 pips per day. USDX is up.

Posted to Introduction to Forex Targe… on Feb 06, 2024 — 8:02 AM

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