CHF/JPY – out of the triangle

Note: Jolts is today

Bearish: Forex Strategies: Currently we are at 178.71 out of the triangle. We are looking for a continuation to the ATR Target @ 177.93. There is a 1.270 Fibo further @ 177.87. We should see a reaction there. Watch the USDX for direction and the Fundie could negate all of this. The average daily true range (ATR) for the pair is 99 pips per day and it’s 90 day average is 113 pips per day. My Forex Analysis says USDX is currently down.

Posted to Introduction to Forex Targe… on Jul 02, 2024 — 8:07 AM

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