USD/JPY – Poised to fall

Bearish: We are currently @ 150.59 in a range. Lower highs suggest a move to the downside. IF we can break support here, we are looking to continue to the ATR target @ 149.90 with a further target the 1.000 Fibo @ 149.65 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 79 pips per day and it’s 90 day average is 124 pips per day. USDX is down.

Posted to Introduction to Forex Targe… on Feb 26, 2024 — 8:02 AM

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