NZD/JPY Channel Continuation
Scott Barkley | Nov 16, 2021 08:36AM ET
NZD/JPY is currently moving up at the time of this post. We are at 80.23.
If the support breaks, we are looking for an initial move to the average true range (ATR) target at 79.67 and then to the 0.500 Fibonacci support near the 79.44 area.
Watch the US dollar index for any change in direction. The ATR for the pair currently is 75 pips per day and its 180-day average is 73 pips.
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