USD/JPY – On the Move

Forex Strategy is Bullish: We are currently @ 151.60 in a channel in a Range. We are looking for a continuation to the ATR target @ 152.70 area and then to the R5 @ 153.44. We have convergence for the up move. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 155 pips and it’s 90-day average is 169 pips per day.

Posted to Introduction to Forex Targe… on Dec 10, 2024 — 8:12 AM
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