NZD/JPY Channel Continuation

 | Nov 04, 2021 08:51AM ET

h2
Bearish

USDis up after a whippy FOMC yesterday. NZD/JPY is are currently at 81.29. We are looking for an initial move to the ATR Target at 80.73 area. Watch the USD for any change in direction. The ATR for the pair currently is 85 pips per day and its 180 day average is 80 pips.