USDJPY should continue the channel

Bearish: We are currently @ 142.54 in a channel after printing an ABC pattern. IF we can break the support here, we are looking for a move to the ATR Target @ 140.92 area. We have convergence in play. Watch the USDX for any change in direction. The ATR for the pair currently is 146 pips per day and its 180 day average is 145 pips per day. USDX is currently down.

Posted to Introduction to Forex Targe… on Sep 12, 2022 — 8:09 AM
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