EUR/JPY Channel Continuation
Scott Barkley | Jun 25, 2020 08:34AM ET
EUR/JPY Bearish: Currently we are at 120.25 in a channel in a range. We have Convergence to support the downside move on the 60-minute chart. We are looking to continue to the ATR target at 119.20 area and then later a continuation to the 0.214 Fibo at 118.62 We expect a reaction there. The average true range (ATR) for the pair currently is 128 pips per day.
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