USD/JPY-4th wave to a 5th

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USD/JPY-4th wave to a 5th

By Pro Act Traders — Author

Forex Strategies Bullish to Bearish: We are currently @ 148.18 in a channel and a third wave. We are anticipating an ABC Down before a resumption of a 5 wave up. If we can break support @ 148.10, we should continue to the support @ 146.50. Watch for a bounce there. The pair should prove it out when the market opens. It’s Daily ATR is 218 pips, and its 90-day average is 178 Pips a day. My Analysis says the USDX is down.

Posted to Introduction to Forex Targe… on Oct 07, 2024 — 8:10 AM

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

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