USD/JPY-Bullish to Bearish

Bullish to Bearish: Currently we are at 156.37 in a channel. We are looking to continue here and continue to the ATR target @ 157.58. That puts us in intervention territory so watch for a reversal. Watch the USDX for direction. The average daily true range (ATR) for the pair is 154 pips per day and it’s 90 day average is 110 pips per day. USDX is currently up.

Posted to Introduction to Forex Targe… on May 21, 2024 — 8:05 AM

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