USD/JPY: 1.0723 In A Range

 | Feb 23, 2017 08:43AM ET


Currently we are at 1.0723 in a range and back in an established channel. If we can take out this support we are looking to continue to the 1.270 Fibo at 111.95 with another target at 111.38. The average daily true range (ATR) for the pair currently is 90 pips.