EURJPY Breakdown in the future

Bearish: We are currently @ 137.18 in a day chart trend. If we can break current support, we are looking for a continuation to the ATR target @ 135.83 area with a bigger target the 0.618 Fibo @ 135.32 area. Watch the USDX for any change in direction. The ATR for the pair currently is 147 pips per day and its 180 day average is 149 pips per day. USDX is currently threatening up at the time of this post.

Posted to Introduction to Forex Targe… on Aug 22, 2022 — 8:08 AM
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