EUR/JPY Range Opportunity
Scott Barkley | Sep 30, 2021 08:44AM ET
Bearish
EUR/JPY is still bullish but at the top of the channel at the time of this post. We are currently at 129.69 in a channel in a range. If we can break the flag pattern here, we are looking for an initial move to the ATR Target at 129.21 area. A further target is the 0.500 Fibo at 128.91. Watch the USDX for any change in direction. The ATR for the pair currently is 70 pips per day and its 180 day average is 70 pips.
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