EUR/JPY: One More Move to the Top
Scott Barkley | Mar 06, 2023 08:50AM ET
Bullish: EUR/JPY is currently at 144.70 after making the turn in a range. We are looking for a continuation to the ATR target at 145.50 area and then the 0.1000 Fibo @ 145.80.
This is a significant top, so cover your risk at these tops. We have convergence in play for the move. Watch the USDX for direction. The average daily true range (ATR) for the pair is 105 pips, and its 180-day average is 135 pips per day. USDX is currently threatening down.
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