EUR/JPY Channel Continuation

 | Aug 03, 2021 08:35AM ET

h2 Bullish

USDX is uncommitted at the time of this post. EUR/JPY has a flag pattern ( bearish) in play so should now see the resumption of the channel to the downside. We are looking for a continuation to the ATR Target at 129.00-03 area. Watch the USDX for any change in direction. The ATR for the pair currently is 73 pips per day.