USD/JPY- starting the move down

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USD/JPY- starting the move down

By Pro Act Traders — Author

Note: CB Consumer confidence is today

Bearish: Forex Strategies: Currently we are at 159.46 in the top of a range. We are looking for a short pullback and then to the ATR Target @ 158.60. There is a bottom slightly further at the S3 @ 158.38. We should see a reaction there. Watch the USDX for direction and the Fundie could negate all of this. The average daily true range (ATR) for the pair is 108 pips per day and it’s 90 day average is 107 pips per day. Forex Analysis says USDX is headed down.

Posted to Introduction to Forex Targe… on Jun 25, 2024 — 7:06 AM

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

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