USD/JPY–looking for the turn

Pro Act

USD/JPY–looking for the turn

By Pro Act Traders — Author

Note: Jolts this AM

Bearish: Currently we are at 151.65 in the top of the range. We have a quadruple top in place. IF we can break slope support here, we are looking to continue to the ATR target @ 150.95 with a further 1.618 Fibo target @ 150.27 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 85 pips per day and it’s 90 day average is 121 pips per day. USDX may have finished it’s up move and now headed down.

Posted to Introduction to Forex Targe… on Apr 02, 2024 — 8:04 AM

Check out what my VIP members get

Recent free content from Pro Act Traders

GBP/USD-Continues its climb — 4/29/24
EUR/AUD-Breakout in the range — 4/25/24
GBP/USD-continuing the channel — 4/24/24
CHF/JPY-continuing a 3rd wave — 4/23/24
AUD/USD-starting the up move — 4/22/24

You can also use Ctrl+Enter to post

Comments ({[comments.length]})

Sort By:

Loading Comments

No comments. Break the ice and be the first!

Error loading comments Click here to retry

No comments found matching this filter

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

{[comment.date_posted|date_format]} ● {[comment.date_posted|date_ago]} ● Edited ● Edit Comment ● Delete Comment

Want to add a comment? Take me to the new comment box!

By jennifer santiago — 2 years ago

I feel I picked the right trading company.

By rakeshnarwal — 3 years ago

See All Reviews →

Pro Act