CHF/JPY – Big channel underway

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CHF/JPY – Big channel underway

By Pro Act Traders — Author

Note: ADP and FOMC Today!

Forex Strategy is Bearish: We are currently @ 173.76 in a channel. IF we can break support, we are looking for a continuation to the ATR target @ 172.57 area, with the overall target the S5 @ 1.2631. We have divergence on the 60 min chart. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 151 pips per day and it’s 90-day average is 145 pips per day.

Posted to Introduction to Forex Targe… on Jan 08, 2025 — 8:01 AM

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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

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By jennifer santiago — 3 years ago

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