EUR/JPY: Pair Breaks Out Of Channel
Scott Barkley | Oct 20, 2021 08:39AM ET
EUR/JPY is bearish at the time of this post. We are currently in a range near 132.87.
We are looking for an initial move to the average true range target at 132.25, if we break through that level down to the 131.98 area.
Watch the US dollar for any change in direction. The average true range for the pair currently is 81 pips per day, and its 180-day average is 75 pips.
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