USD/JPY-Rising wedge should take it down

Pro Act

USD/JPY-Rising wedge should take it down

By Pro Act Traders — Author

Bearish: Currently we are at 154.66` at a top and out of a rising wedge. We are looking to continue to the ATR target @ 154.00 with a further target the 0.618 Fibo @ 153.57. Watch the USDX for direction. The average daily true range (ATR) for the pair is 70 pips per day and it’s 90 day average is 110 pips per day. USDX is stationary but hinting reversal.

Posted to Introduction to Forex Targe… on Apr 17, 2024 — 8:04 AM

Check out what my VIP members get

Recent free content from Pro Act Traders

EUR/JPY – Bearish signals emerge — 12/03/24
EUR/NZD – hard bounce — 12/02/24
GBP/USD – Targets the range top — 11/21/24
NZD/JPY – Showing bearish signs — 11/20/24
GBP/USD – Falling Wedge Breakout — 11/19/24

You can also use Ctrl+Enter to post

Comments ({[comments.length]})

Sort By:

Loading Comments

No comments. Break the ice and be the first!

Error loading comments Click here to retry

No comments found matching this filter

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

{[comment.date_posted|date_format]} ● {[comment.date_posted|date_ago]} ● Edited ● Edit Comment ● Delete Comment

Want to add a comment? Take me to the new comment box!

By jennifer santiago — 3 years ago

I feel I picked the right trading company.

By rakeshnarwal — 3 years ago

See All Reviews →

Pro Act