AUDJPY: reversal?

Bearish:Currently we are at 74.13 in a range.With negative employment rate (-5.3) as a catalyst, we are looking for an initial move to the ATR Target @ 73.64 and then a continuation later to the range bottom @ 72.45 area..The average daily true range (ATR) for the pair currently is 70 pips.WATCH THE USDX for more clues.

Posted to Introduction to Forex Targe… on Feb 20, 2020 — 7:02 AM

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