USD/JPY-Rising wedge should take it down

Bearish: Currently we are at 154.66` at a top and out of a rising wedge. We are looking to continue to the ATR target @ 154.00 with a further target the 0.618 Fibo @ 153.57. Watch the USDX for direction. The average daily true range (ATR) for the pair is 70 pips per day and it’s 90 day average is 110 pips per day. USDX is stationary but hinting reversal.

Posted to Introduction to Forex Targe… on Apr 17, 2024 — 8:04 AM

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