EUR/JPY-hard bounce should produce
Note: Unemployment claims was neutral today
Bullish: Currently we are at 168.54 after a hard bounce on the channel. We are looking to continue to the ATR target @ 169.36 and then the 1.000 Fibo @ 170.00. Watch the USDX for direction. The average daily true range (ATR) for the pair is 197 pips per day and it’s 90 day average is 117 pips per day. USDX is currently up.
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