EUR/JPY – Breakout next

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EUR/JPY – Breakout next

By Pro Act Traders — Author

Note: FOMC Minutes today

Bearish: Forex Strategies: Currently we are at 162.21 waiting for the slope support breakout. We are looking for a continuation to the ATR target @ 160.32 and then the S5 @ 160.00. Watch the USDX for direction, as it could negate all of this. The average daily true range (ATR) for the pair is 236 pips per day and it’s 90 day average is 158 pips per day. My Forex Analysis says USDX is currently down.

Posted to Introduction to Forex Targe… on Aug 21, 2024 — 8:08 AM

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

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