EUR/JPY – sweet to the south

Note: Unemployment claims was negative

Bearish: We are currently @ 158.70 just above slope support. If we can break through the 1.000 Fibo support, we are looking for a continuation to the ATR target @ 158.00 with the further target the 1.618 Fibo @ 157.47 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 115 pips per day and it’s 90 day average is 129 pips per day. USDX is up.

Posted to Introduction to Forex Targe… on Feb 01, 2024 — 8:02 AM
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