AUDJPY– Trying to reverse

Bullish: We are currently @ 92.07 in a range and the start of a new channel short. We are looking for continuation to the S2 @ 91.28 area with a further target the ATR @ 90.87. Watch the USDX for direction. The average daily true range (ATR) for the pair is 121 pips and it’s 180 day average is 123 pips per day. USDX is currently sideways.

Posted to Introduction to Forex Targe… on Jan 30, 2023 — 8:01 AM
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