USD/JPY – Triangle continuation

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USD/JPY – Triangle continuation

By Pro Act Traders — Author

Note: JOLTS and Consumer Confidence today

Bullish: Forex Strategies: Currently we are at 154.97 out of the triangle. We are looking for a continuation to the ATR target @ 155.71. The Triangle target is the 1.270 Fibo @ 156.70. Watch the USDX for direction as it could negate all of this. The average daily true range (ATR) for the pair is 184 pips per day and it’s 90 day average is 120 pips per day. My Forex Analysis says USDX is currently trying to go up.

Posted to Introduction to Forex Targe… on Jul 30, 2024 — 8:07 AM

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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

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