USD/JPY – working a channel in a channel

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USD/JPY – working a channel in a channel

By Pro Act Traders — Author

Bearish: Forex Strategies: Currently we are at 139.97 in a channel inside the larger channel. We are looking for a continuation to the ATR target @ 139.30 area with a further target the Fibo @ 138.85. Watch the USDX for direction, as it could negate all of this. The average daily true range (ATR) for the pair is 162 pips per day and it’s 90 day average is 154 pips per day. My Forex Analysis says USDX is currently down.

Posted to Introduction to Forex Targe… on Sep 16, 2024 — 8:09 AM

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

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