NZD/JPY Breaks Out Of Channel
Scott Barkley | Dec 06, 2021 09:00AM ET
NZD/JPY is currently going down at the time of this post. The pair is trading at 76.52 and in a channel.
If we break the upper side of the channel, we are looking for an initial move to the target at 77.20.
Watch the DXY for any change in direction.
The average true range (ATR) for the pair currently is 94 pips per day, and its 180-day average is 89 pips.
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