USD/JPY-Making the turn down

Bearish: Currently we are at 156.64 in a range. We are looking to continue to the ATR target @ 155.70. WE have divergence in play for the short. Watch the USDX for direction. The average daily true range (ATR) for the pair is 106 pips per day and it’s 90 day average is 108 pips per day. USDX is currently down.

Posted to Introduction to Forex Targe… on May 23, 2024 — 8:05 AM
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