EUR/JPY Continues Moving Up

 | Aug 11, 2022 08:32AM ET

EUR/JPY is currently at 136.57 in a channel and Day chart trend. We are looking for a continuation to the ATR target at the 135.32 area with a bigger target (S5) at the 135.22 area.

Watch the DXY for any change in direction. The ATR for the pair currently is 162 pips per day, and its 180-day average is 153 pips per day. DXY is currently threatening down at the time of this post.