USD/JPY–Sym Triangle break next

Note: Pending Home Sales this AM

Bearish: Currently we are at 151.34 in a symmetrical triangle in a range. IF we can break the Triangle, we are looking to continue to the ATR target @ 150.50 with a further 1.270 Fibo target @ 150.38 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 103 pips per day and it’s 90 day average is 124 pips per day. USDX may have finished it’s up move.

Posted to Introduction to Forex Targe… on Mar 28, 2024 — 8:03 AM
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!