NZDJPY channel opportunity

Bearish: We are currently @ 77.60 in a newly formed channel. We have convergence in play for the down move and USDX is trying to rise. We are are looking for a move to the ATR Target @ 76.97 area and a possible continuation to the 0.500 Fibo @ 76.70. Watch the USDX for any change in direction. The ATR for the pair currently is 85 pips per day.

Posted to Introduction to Forex Targe… on Mar 03, 2021 — 8:03 AM

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