USD/JPY – Wave 3 on deck

Bearish: We are currently @ 147.50 just above support. If we can break through the support here, we are looking for a continuation to the S4/ATR target @ 1146.50 with the further target the 0.500 Fibo@ 146.00 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 134 pips per day and it’s 90 day average is 123 pips per day. USDX is down.

Posted to Introduction to Forex Targe… on Jan 25, 2024 — 8:01 AM

Recent free content from Pro Act Traders

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

Reviews Average Rating          

I feel I picked the right trading company.
See All Reviews →