EUR/JPY: Breakout To Target
Scott Barkley | Oct 05, 2022 08:41AM ET
Bearish
EUR/JPY is currently at 143.20 after setting a top and breaking out of the trend. We have divergence for the down move. We are looking for the continuation of a move to the ATR Target at 142.15 and should bounce there. Watch the US Dollar for any change in direction. The ATR for the pair currently is 180 pips per day and its 180 day average is 170 pips per day. US Dollar is currently attempting up.
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