USDJPY–Channel Break? | Marketfy

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USDJPY–Channel Break?

By Pro Act Traders — Author

Bearish: Currently we are @110.69 in a range and just out of the channel.As we thought they USDX finished it’s 5^th wave and now starting it’s move down. If we can break the 0.214 Fibo Support, we are looking for a continuation to the 0.500 Fibo @ 110.25.Watch for a 2 wave back up here. The average daily true range (ATR) for the pair currently is 67 pips.

Posted to Introduction to Forex Targe… on Jul 03, 2018 — 8:07 AM

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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

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