EURJPY reversal

Bearish: Currently we are @ 123.47 after topping out. We have convergence to the downside on the 60-minute chart (see inset). We are looking to continue to the ATR target @ 122.99 but are anticipating a large move to the square up @116.50 area. The average daily true range (ATR) for the pair currently is 103 pips.


Posted to Introduction to Forex Targe… on Jun 08, 2020 — 8:06 AM
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Great weekly analysis, very useful and educational.
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