EUR/JPY Bearish, Could Move Lower
Scott Barkley | Feb 28, 2022 08:50AM ET
EUR/JPY is currently bearish at the time of this post. We are currently at 129.32 and in a channel. We are looking for an initial move to the day chart bottom/ATR target at the 127.48 area.
Watch the DXY for any change in direction. The ATR for the pair currently is 121 pips per day and its 180-day average is 106 pips per day.
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