EURJPY- Starting a new channel

Bullish: We are currently @ 144.85 in the start of a new channel. Above 145.00, we are looking for a continuation to the ATR Target @ 145.80 with a further target the support @ 146.81. We have convergence on the hourly. Target down is 142.52 if it reverses. Watch the USDX for any change in direction. The ATR for the pair currently is 158 pips per day and its 180 day average is 166 pips per day. USDX is currently up but looks corrective.

Posted to Introduction to Forex Targe… on Nov 14, 2022 — 8:11 AM
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