EUR/JPY – Bears taking over

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EUR/JPY – Bears taking over

By Pro Act Traders — Author

Note:PPI Positive Today!

Forex Strategy is Bearish: We are currently @ 159.99 after a double top. If we get the breakdown here, we are looking for a continuation to the ATR target @ 158.87 area and then to the S4 @ 158.38. We have convergence in play for the move. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 170 pips and it’s 90-day average is 160 pips per day.

Posted to Introduction to Forex Targe… on Dec 12, 2024 — 8:12 AM

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

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