EURJPY-two scenarios

Note: election day in the USA

Bearish: We are currently @ 146.34 in a channel. Two scenarios: 1: Bullish: A bounce here look for a move to the ATR target @ 148.67 area. 2: Bearish: A break down here would set up a move to the 1.618 Fibo @ 145.00. Watch the USDX for any change in direction. The ATR for the pair currently is 176 pips per day and its 180 day average is 163 pips per day. USDX is currently

Posted to Introduction to Forex Targe… on Nov 08, 2022 — 8:11 AM
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