EUR/JPY Starts a New Channel
Scott Barkley | Nov 14, 2022 08:48AM ET
Bullish: EUR/JPY is currently at 144.85 at the start of a new channel. Above 145.00, we are looking for a continuation to the target at 145.80 with a further target, the support at 146.81.
We have convergence on the hourly. The target down is 142.52 if it reverses. Watch the USDX for any change in direction. The ATR for the pair currently is 158 pips per day, and its 180-day average is 166 pips per day. USDX is currently up but looks corrective.
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