EUR/JPY Trying To Continue The Channel
Scott Barkley | Aug 18, 2022 08:49AM ET
Bearish
EUR/JPY is currently at 137.28 in a big channel. We are looking for a continuation to the ATR target at 136.07 area with a bigger target the 0.618 Fibo at 1135.32 area. Watch the USDX for any change in direction. The ATR for the pair currently is 150 pips per day and its 180 day average is 149 pips per day. USDX is currently threatening up at the time of this post.
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