USDJPY one more trip to the top

Bullish to Bearish: We are currently @ 139.55 in a channel. IF we can break the 139.69 we are looking for a final move to the ATR Target @ 140.22 and then a reversal. We have divergence in play as well as USDX topping out. Watch the USDX for any change in direction. The ATR for the pair currently is 126 pips per day and its 180 day average is 125 pips per day. USDX is currently up in a sideways move.

Posted to Introduction to Forex Targe… on Sep 01, 2022 — 8:09 AM

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