EUR/JPY – Will the Range Break

Forex Strategies Bearish: We are currently @ 162.63 in a range. If we break the range, we are looking to target the ATR targets/0.382 Fibo @ 161.56. A further target is the S4 @ 161.26. Watch for a bounce there. The pair should prove it out when the market opens. It’s Daily ATR is 184 pips, and its 90-day average is 173 Pips a day. My Analysis says the USDX is currently down.

Posted to Introduction to Forex Targe… on Oct 15, 2024 — 8:10 AM

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