EUR/JPY – cruising in the channel

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EUR/JPY – cruising in the channel

By Pro Act Traders — Author

Note: Consumer Confidence today

Bearish: Forex Strategies: Currently we are at 161.07 after the slope support breakout. We are in a channel and are looking for a continuation to the ATR target @ 160.31. Watch the USDX for direction, as it could negate all of this. The average daily true range (ATR) for the pair is 186 pips per day and it’s 90 day average is 160 pips per day. My Forex Analysis says USDX is currently down.

Posted to Introduction to Forex Targe… on Aug 27, 2024 — 8:08 AM

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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

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