EURJPY poised to go short

Bearish: We are currently @ 138.53 in a range. We have topped out and IF the USDX stays up, we are looking for a continuation to the ATR target @ 137.56 area with a bigger target the 0.500 Fibo @ 137.25. Watch the USDX for any change in direction. The ATR for the pair currently is 139 pips per day and its 180 day average is 146 pips per day. USDX is currently up in a sideways move.#EURJPY

Posted to Introduction to Forex Targe… on Aug 31, 2022 — 8:08 AM
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