USD/JPY – back to the top

Bullish: Forex Strategies: Currently we are at 146.14 after the breakout. We have convergence now for the up move and are looking for a continuation to the ATR target @ 147.28. Watch the USDX for direction, as it could negate all of this. The average daily true range (ATR) for the pair is 244 pips per day and it’s 90 day average is 155 pips per day. My Forex Analysis says USDX is currently up.

Posted to Introduction to Forex Targe… on Aug 22, 2024 — 8:08 AM
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