USD/JPY- tri top and go

Bullish to bearish: Forex Strategies: Currently we are at 157.91 in the top of a range. We are looking for a triple top and the reverse to the 1.000 Fibo @ 157.47 area and then the ATR target @ 156.60 area. We should see a reaction there. Watch the USDX for direction. The average daily true range (ATR) for the pair is 120 pips per day and it’s 90 day average is 106 pips per day. Forex Analysis says USDX is currently down.

Posted to Introduction to Forex Targe… on Jun 19, 2024 — 8:06 AM

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