CHF/JPY–Can it break the triangle

Bearish: Currently we are at 167.85 in a symmetrical triangle in a range. IF we can break the Triangle, we are looking to continue to the ATR target @ 167.12 with a further 2.618 Fibo target @ 166.54 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 92 pips per day and it’s 90 day average is 121 pips per day. USDX may have finished it’s up move.

Posted to Introduction to Forex Targe… on Apr 01, 2024 — 8:04 AM
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