EURJPY trying to continue the channel

Bearish: We are currently @ 137.28 in a big channel. We are looking for a continuation to the ATR target @ 136.07 area with a bigger target the 0.618 Fibo @ 1135.32 area. Watch the USDX for any change in direction. The ATR for the pair currently is 150 pips per day and its 180 day average is 149 pips per day. USDX is currently threatening up at the time of this post.

Posted to Introduction to Forex Targe… on Aug 18, 2022 — 8:08 AM

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