USD/JPY- starting the move down

Note: CB Consumer confidence is today

Bearish: Forex Strategies: Currently we are at 159.46 in the top of a range. We are looking for a short pullback and then to the ATR Target @ 158.60. There is a bottom slightly further at the S3 @ 158.38. We should see a reaction there. Watch the USDX for direction and the Fundie could negate all of this. The average daily true range (ATR) for the pair is 108 pips per day and it’s 90 day average is 107 pips per day. Forex Analysis says USDX is headed down.

Posted to Introduction to Forex Targe… on Jun 25, 2024 — 7:06 AM
Comments ({[comments.length]})
Sort By:
Loading Comments
No comments. Break the ice and be the first!
Error loading comments Click here to retry
No comments found matching this filter
Want to add a comment? Take me to the new comment box!

Reviews Average Rating          

I feel I picked the right trading company.
See All Reviews →