EURJPY channel continuation

Bullish: USDX is uncommitted at the time of this post. We have a flag pattern ( bearish) in play so should now see the resumption of the channel to the downside. We are looking for a continuation to the ATR Target @ 129.00-03 area. Watch the USDX for any change in direction. The ATR for the pair currently is 73 pips per day.

Posted to Introduction to Forex Targe… on Aug 03, 2021 — 8:08 AM

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