CHF/JPY-keeps marching up

Bullish: Currently we are at 171.15 in a working channel and a possible 5th wave. IF we break the 1.618 Fibo here, we are looking to continue to the ATR target @ 172.10. Watch the USDX for direction. The average daily true range (ATR) for the pair is 178 pips per day and it’s 90 day average is 119 pips per day. USDX is currently up.

Posted to Introduction to Forex Targe… on May 08, 2024 — 8:05 AM

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