EUR/JPY: Channel

 | Sep 12, 2016 08:46AM ET

EUR/JPY:
Currently we are 114.30 in a range. IF we can break the slope support, we are looking for a continuation move initially to the 0.618 Fibo @ 113.75 and then to the 0.786 Fibo @ 112.48. The average daily true range (ATR) for the pair currently is 85 pips.