AUD/JPY –will the channel continue

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AUD/JPY –will the channel continue

By Pro Act Traders — Author

Bearish: We are currently @ 89.91 in a range and a channel. IF we can break this resistance, we are looking for a continuation to the ATR target @ 90.57 with a further target the 0.214 Fibo @ 90.93 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 81 pips per day and it’s 180 day average is 96 pips per day. USDX is currently moving down but mostly sideways.

Posted to Introduction to Forex Targe… on Apr 24, 2023 — 8:04 AM

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

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