USD/JPY –range opportunity

Bearish: We are currently @ 142.17 in a channel in a range. If we can break the slope support we are looking for a continuation to the 1.000 Fibo @ 140.98 with the overall target the ATR target @ 140.06. This will require that USDX finishes it’s corrective move and goes down. Watch the USDX for direction. The average daily true range (ATR) for the pair is 169 pips per day and it’s 90 day average is 129 pips per day. USDX is currently moving up.

Posted to Introduction to Forex Targe… on Aug 07, 2023 — 8:08 AM

Recent free content from Pro Act Traders

Comments ({[comments.length]})
Sort By:
Loading Comments
No comments. Break the ice and be the first!
Error loading comments Click here to retry
No comments found matching this filter
Want to add a comment? Take me to the new comment box!

Reviews Average Rating          

I feel I picked the right trading company.
See All Reviews →